Rivian Automotive has been a bit of a disappointment for investors. Down a whopping 58% already this year, it has been a bigger bust than Cathie Wood's Ark Innovation ETF, which has crashed more than 30%. While some investors have been hyping Rivian as potentially being the next Tesla-type stock to own, it's apparent that optimism may be waning in the once-promising company.

In 2022, the carmaker only expects to produce 25,000 vehicles while still generating losses in the billions. It could be a good contrarian pick if you're willing to take on significant risk.

However, there are safer, better options for growth investors out there, such as Cresco Labs (OTC: CRLBF) and PayPal (NASDAQ: PYPL). Let's take a look.

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Source Fool.com