Rivian Automotive (NASDAQ: RIVN) attracted a lot of attention when it went public in November 2021, but the electric vehicle (EV) maker's stock now trades nearly 90% below its IPO price. Rivian ran out of juice as it grappled with supply chain constraints, persistent losses, and the broader slowdown of the EV market. Rising interest rates also compressed its valuation and drove investors toward safer alternatives.

So should investors buy, sell, or hold Rivian stock? Let's review its biggest near-term challenges and long-term opportunities to decide.

Image source: Rivian Automotive.

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Source Fool.com