Is Rivian Automotive a Millionaire Maker?

Tesla was the trailblazer in the electric vehicle (EV) industry, and competitors, both incumbent brands and start-ups, have tried replicating its success ever since. Rivian Automotive (NASDAQ: RIVN) has done a solid job establishing itself as a legitimate presence in the field, with over 50,000 deliveries last year.Unfortunately, the stock hasn't had the same trajectory. Shares quickly peaked after Rivian went public in late 2021 and have declined over 90%. However, Tesla's stock was once in a similar position, which, in hindsight, was a life-changing investment opportunity.I delved deep into Rivian's fundamentals to determine how likely it is to become a millionaire-making stock from current prices.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool