RIVN - 2 Reasons to Buy Rivian Stock (and 1 Big Reason to Sell)
2024-06-10 09:53:00 ET
Some adventurous investors are more open to considering a fast-growing company in the early stages of reaching its full potential. And with a market capitalization of just $11.7 billion, Rivian Automotive (NASDAQ: RIVN) is just such a company. In fact, it is a bite-sized investment option compared to electric vehicle (EV) industry leader Tesla with its $565 billion in market value.
But does that make Rivian a buy today? Let's discuss two reasons to consider buying the stock and one reason to sell.
Rivian stock was incredibly expensive when it hit public markets through an initial public offering (IPO) in November 2021. With a market cap of over $100 billion on its first day of trading, the automaker briefly became the second most valuable American automaker ahead of General Motors and Ford Motor Company , seemingly based on optimism about its brand power and ability to rapidly grow vehicle production and sales .
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2 Reasons to Buy Rivian Stock (and 1 Big Reason to Sell)