2 Reasons to Buy Rivian Stock Before Nov. 6

Rivian Automotive (NASDAQ: RIVN) is expected to announce earnings in early November. If you've been eyeing this electric vehicle stock, now may be a key moment to buy it at a discount. That's because Rivian is about to reach an important growth catalyst. This will perhaps be the biggest in its history. Let's learn what that is and whether now it a good time to invest in the EV maker. What exactly should investors expect to be revealed next month? Most importantly, we should get our clearest update yet on Rivian's upcoming affordable models: The R2, R3, and R3X.I've written before how important it is for an electric car company to introduce affordable models. A big majority of car buyers are looking to spend less than $50,000 on their next vehicle purchase. And now that U.S. federal tax credits have been eliminated for EV purchases, offering low-cost models is more important than ever. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool