Why Investors Need to Stay Far Away From Rivian (for Now)
One of the hottest companies in the investing universe right now is Rivian (NASDAQ: RIVN). The electric vehicle start-up just went public at a market cap north of $100 billion, which is astounding considering the fact it has never generated any sales. With the rise of Tesla (NASDAQ: TSLA), the market leader in electric vehicles, to a market cap north of $1 trillion recently, the excitement around this new industry has reached a fever pitch.
While Rivian's prospectus is exciting, and the company is going after a huge market opportunity, the price one must pay for all this potential is simply too much to ask. Here are a few reasons why investors need to stay far away from Rivian stock right now.
Image source: Rivian.
Source Fool.com
