Here's Why Rivian Stock Is a Buy Before Nov. 30

Rivian Automotive (NASDAQ: RIVN) has been an extremely volatile stock since its initial public offering in 2021. Yet volatility can often create incredible buying opportunities. After a recent correction, Rivian stock is now too cheap to ignore. And there's one major reason to buy before the end of the month. Let's dive in, and I'll explain.The electric vehicle (EV) maker has had a lot of success since launching its first two luxury models: the R1T and R1S. Sales have zoomed from just $1 million in September 2021 to more than $5 billion today.This sales trajectory could continue with the launch of three new mass market vehicles: the R2, R3, and R3X. Unlike Rivian's higher priced current models, these are expected to debut under $50,000. That could push the company to another stage of sizable growth, similar to what the Model 3 and Model Y did for Tesla.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool