Here's Why I Wouldn't Touch Rivian With a 10-Foot Pole
Rivian's status as a luxury EV maker makes things worse, since people are looking for used cars and entry-level new vehicles.Rivian (RIVN 3.37%) received a lot of fanfare leading up to its 2021 IPO, but the stock has since crashed by about 80%. The luxury electric vehicle (EV) maker doesn't have the same clout as Tesla (TSLA +2.06%), and it faces several headwinds that suggest future market underperformance.While Tesla is the leading EV stock and is tapping into new ventures like humanoid robots and cyber c ...