Could Buying Rivian Stock Today Set You Up for Life?

Rivian Automotive (NASDAQ: RIVN) is attempting to break into the automotive sector by leveraging new technology to compete and partner with large automakers. That is a very tall order, but if it succeeds, the company could help set investors up for life.The massive price gains in the shares of Tesla, an electric vehicle (EV) pioneer, hint at the possibilities. There's just one problem. Here's what that is.Rivian does three different things right now, all of which are important. Most prominently, it makes an all-electric truck for the consumer market. The vehicles are award winning, but they sit at the high end of the cost spectrum. So there is a fairly limited customer base. That's not a bad thing, however, because it is the same approach that Tesla used when it started out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool