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Is Rivian Stock a Buy?

TheMotleyFool

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Is Rivian Stock a Buy?: https://g.foolcdn.com/editorial/images/714999/2022-rivian-r1t-14.jpg

Electric vehicle (EV) stocks have been volatile over the past year and Rivian Automotive (NASDAQ: RIVN) is no exception. The company's share price is down 82% over the past 12 months.

The EV start-up has encountered some major potholes as it expands its production and faces increasing material costs.

But despite its recent setbacks, there's still plenty to like about this electric vehicle stock and it could be the right investment -- in small amounts -- for investors looking for an EV pure play. Here's why.

Source Fool.com

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