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Is Rivian Stock a Buy Now?

TheMotleyFool

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The public debut of Rivian Automotive (NASDAQ: RIVN) was one of the most anticipated of any electric vehicle company last year. Its initial public offering (IPO) didn't disappoint, as investors bid shares high enough to give the start-up company a valuation of over $150 billion.

Much has happened in the seven months since that time. Rivian built a large reservation base for its vehicles, and it began production and made its first sales. The stock has also retreated to the level where its market cap is now below $30 billion. That makes now a great time to see if Rivian stock is a buy.

Image source: Rivian Automotive.

Source Fool.com

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