Should You Invest in Rivian in 2023?
How the mighty electric vehicle (EV) stocks have fallen. It wasn't so long ago that EV stocks like Rivian (NASDAQ: RIVN) were the darlings of forward-looking investors. The subject of many SPAC acquisitions, EV companies fueled investors' hopes of massive growth, and their stocks soared into the stratosphere.
But those days are in the past. Reality has settled in. Shares of Rivian, for example, had changed hands as high as $106.80 in January 2022; however, they're now hovering near their 52-week low of $15.82. With this more reasonable price tag, some may be wondering if now's the time to park Rivian stock in their portfolios.
So let's kick the tires and see if clicking the buy button is a good move right now.
Source Fool.com
