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Is Rivian Stock a Buy in 2024?

TheMotleyFool

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In a crowded field of competition, Rivian Automotive (NASDAQ: RIVN) has risen to become one of the more prominent names in the electric vehicle (EV) industry. The company's suite of SUVs and trucks fills a gap badly missing in the EV market and holds the potential to become the leading choice for outdoor enthusiasts looking to ditch fuel pumps.

While the long-term potential is clear, Rivian has some work to do before it can solidify itself as a leader in the EV industry. Things seem to be trending in the right direction but before investors consider the stock a buy, some serious problems need to be fixed.

Image source: Rivian.

Source Fool.com

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