Better Bear Market Buy: Nio vs. Rivian Stock
In the battle of electric-vehicle (EV) start-ups, two popular stocks have suffered similar fates this year: Rivian Automotive (NASDAQ: RIVN) and Nio (NYSE: NIO). Nio has been around for several years and delivered nearly 91,000 EVs in 2021, while Rivian went public only last year and managed to deliver just about 900 vehicles in the year.
Yet with a bear market and challenges aplenty hitting both Rivian and Nio in recent months, their stocks have plunged almost 70% this year. Which EV stock makes for a better bear market buy now? Let's find out.
Howard Smith (Rivian): Rivian shares are down about 70% year to date. That doesn't necessarily make them cheap by most metrics, though.
Source Fool.com
