With Stocks Down 70% and 76%, Are Nio and Rivian Buys?

Despite last week's broader market rebound, many electric vehicle (EV) stocks remain down substantially from their all-time highs. Chinese automaker Nio (NYSE: NIO) and American EV newcomer Rivian Automotive (NASDAQ: RIVN) have seen their share prices fall as much as 80% from their respective all-time highs. Both stocks remain down over 70% from their all-time highs as of this writing

Is either electric car stock worth buying now, or should investors avoid these two companies for the time being?

Image source: Rivian Automotive.

Source Fool.com