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At an All-Time Low, Is It Time to Give Up on Rivian Stock?

TheMotleyFool

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At an All-Time Low, Is It Time to Give Up on Rivian Stock?: https://g.foolcdn.com/editorial/images/723438/3-2022-rivian-r1t-23.jpeg

Rivian Automotive (NASDAQ: RIVN) crashed to a new all-time intraday low on Thursday after the electric pickup truck, SUV, and delivery van maker reported a wider-than-expected quarterly loss and missed its 2022 production estimate.

Even after rebounding by 7.6% on Friday, Rivian stock is down 90% from its all-time high and is burning through cash at a breakneck pace. Let's determine if it's time to throw in the towel on Rivian or if the stock is worth buying now.

Image source: Rivian Automotive.

Source Fool.com

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