The electric vehicle (EV) market is a crowded one. Investors are presented with a slew of options that hold the potential to generate serious returns as the adoption of EVs continues to grow.

One of those companies that has captured investor attention is Rivian Automotive (NASDAQ: RIVN). With its sleek lineup of SUVs and trucks catering to outdoor enthusiasts looking to ditch the fuel pumps, Rivian has risen to become a popular EV stock. However, while its cars might be cutting-edge, its stock is another story. Facing considerable challenges and struggling to achieve profitability, investors must carefully evaluate whether Rivian is the best EV stock for their portfolios.

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Source Fool.com