Want to add a growth stock to your portfolio that could rise in value by more than 1,000% over the next decade? Rivian Automotive (NASDAQ: RIVN) could be your answer. Its shares have been weak since the company's initial public offering (IPO) in 2021, but there are two reasons to believe the electric vehicle maker has turned a corner. This stock isn't for everybody, but if you're looking for maximum growth potential, you may be in the right place.
Few companies offer as much growth potential as Rivian, but investors must be patient. Rivian's growth is highly likely to go parabolic over the next few years. Allow me to explain.
At its core, Rivian is essentially replicating Elon Musk's playbook that supercharged 's historic growth trajectory. First, launch a small handful of high-priced models that showcase the best your brand has to offer, even if the price point excludes most potential buyers.
Source Fool.com