Many electric vehicle (EV) companies are still struggling to find their footing in an increasingly competitive automotive market. This means that investing in EV stocks can feel like a huge gamble right now.

While it's far from a sure bet, I think Rivian Automotive (NASDAQ: RIVN) is one company that's on the right track. I bought shares months ago and plan to hold onto the stock for several years as the company grows.

Here's why I think Rivian could be a good place to invest $1,000 right now.

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Source Fool.com