Investing in the right young electric vehicle (EV) maker could prove lucrative long term. Is Rivian the right EV maker?
This has mostly been a forgettable year for Rivian Automotive ( RIVN 5.22% ) , as the young electric vehicle (EV) maker doesn't have any vehicle launches this year. That's also a good thing, because a mostly forgettable year means nothing horrible happened either -- just ask Ford Motor Company , which is currently setting a record for most recalls in one year ever.
For Rivian to really reward long-term investors, it's going to have to scale. But how soon will we see growth? Where will Rivian be in, say, three years, and is it a buy now? Let's dig in.
What have you done for me lately?
Rivian arguably had as much momentum as any EV maker exiting 2023, but