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Should You Buy Rivian While It's Below $20?

TheMotleyFool

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Should You Buy Rivian While It's Below $20?: https://g.foolcdn.com/editorial/images/858804/gettyimages-1434947698-1200x696-92e6d07.jpg

Electric vehicle makers are facing an uphill battle right now, as high material costs, elevated interest rates, and weak consumer demand are stalling EV sales.

Still, the long-term prospects for EV success, and Rivian Automotive (NASDAQ: RIVN) in particular, haven't completely vanished. Rivian recently began selling its new R2 vehicle, which could be a pivotal move for the company's success.

So, is Rivian stock worth buying now, while it's below $20 per share? Here's what you should know.

Source Fool.com

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