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This Electric Vehicle Maker Just Zoomed Into 1st Place With Investors, but Is That Justified?

TheMotleyFool

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This Electric Vehicle Maker Just Zoomed Into 1st Place With Investors, but Is That Justified?: https://g.foolcdn.com/editorial/images/732035/hand-holding-a-charger-plugged-into-an-electric-vehicle.jpg

Investor enthusiasm for electric vehicle (EV) makers has dimmed somewhat in recent months. One recent exception is pickup and utility van manufacturer Rivian Automotive (NASDAQ: RIVN), which saw its share price zoom after it reported its latest set of quarterly results.

Yet through all the newfound enthusiasm, I think some caution is warranted.

Many stock rallies originate from estimates-beating quarters, and this was the case with Rivian.

Source Fool.com

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