9 Reasons Rivian Stock Is a Buy Now

A move toward mass adoption of electric vehicles now looks like it will become a true reality in the next few years -- providing exciting opportunities for investors. If you're looking for an up-and-coming electric-vehicle (EV) stock to ride that wave, Rivian Automotive (NASDAQ: RIVN) should be high on your list of candidates. Here's a look at nine reasons why this company is driving its business in the right direction. 

Data source: Rivian production releases. Chart by author.

There's a lot of attention on the EV industry as the broader automotive industry is on the cusp of evolving rapidly over the coming decades. Rivian may not be the next Tesla, but it also doesn't have to be to become a highly successful investment. The young truck and SUV EV maker is definitely heading in the right direction, as evidenced by the nine reasons above, and it's driving there quickly.

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Source Fool.com