RIVN - 1 EV Stock to Buy Hand Over Fist and 1 to Avoid
2024-07-20 18:06:00 ET
The transition to battery-powered vehicles is well under way, with prominent automotive stalwarts shifting production and resources to making electric vehicles, and small EV start-ups developing their own models.
Despite this focus, EV stocks have been volatile over the past couple of years as vehicle and production costs have skyrocketed due to inflation and high interest rates.
That's likely left some investors hesitant to go all-in on EV stocks. But writing them all off could be a mistake. Here's why I think Rivian Automotive (NASDAQ: RIVN) can potentially become a long-term winner for investors, and why I have hesitations about Lucid Group (NASDAQ: LCID) right now.
For further details see:
1 EV Stock to Buy Hand Over Fist and 1 to Avoid