RIVN - 38784 Reasons I'm Avoiding Rivian Stock Like The Plague
2024-06-01 04:11:00 ET
The sustainable-energy industry presents many interesting opportunities for investors. One of the more popular choices among green-energy investors is in electric vehicles (EVs). While I'm sure you're familiar with Tesla , other players, such as Rivian (NASDAQ: RIVN) , are beginning to emerge onto the scene.
Right now, Rivian stock trades for just $10 per share -- narrowly above its 52-week low. While this might tempt some investors to think that now is an opportunity to buy the dip , I see Rivian's depressed price action as warranted.
Below, I'll break down what's going wrong at Rivian and why this is a stock to avoid like the plague.
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38,784 Reasons I'm Avoiding Rivian Stock Like The Plague