Rivian Stock Is Down 80% From Its High, but It's No Bargain
With shares of Rivian Automotive (NASDAQ: RIVN) down 80% from their 52-week high, there are likely plenty of investors out there looking at the stock and thinking that it's a bargain at these levels. However, just because Rivian shares have fallen this far doesn't mean they can't fall further, and I think they are likely to fall much further from here -- perhaps 50% or more.
Investors who are interested in getting exposure to the rise of electric vehicles would most likely be better-served focusing on some of the other options in the space. Here's why.
Image source: Getty Images
Source Fool.com
