Once dubbed the next Tesla by some investors, Rivian Automotive (NASDAQ: RIVN) has taken a turn for the worse recently. Shares of the pure-play electric vehicle (EV) company have nosedived 62% since the start of 2022, owing to a string of company-specific issues and macroeconomic factors.

Rivian's stock market journey has been far from ideal since the company went public late last year, but has the negative sentiment surrounding the stock reached bottom? Will Rivian overcome current obstacles and prevail as a winner in the fast-growing EV space? If that's the case, then investors who buy in at today's lows could be massively rewarded down the line.

Let's try and answer those questions now so investors can decide for themselves if the EV stock is worth their time and money.

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Source Fool.com