Could Buying Rivian Stock Today Set You Up for Life?

Rivian (NASDAQ: RIVN) hasn't had the best year in 2024. The stock has lost around half its value year to date as of this writing. But it wasn't because the company didn't try. In fact, the problems are more likely growing pains than anything else, given that the upstart electric vehicle (EV) company is focused squarely on reaching profitability as soon as possible. But investors need to tread cautiously -- buying Rivian comes with material risks. However, if Tesla (NASDAQ: TSLA) is any indication, there is material upside potential here, too.Tesla shares are up around 1,500% over the past five years. That is an incredible advance in a very short period of time. But there was a lot that had to be done before Tesla's business was capable of turning a profit. In fact, Tesla suffered through years of losses building out its electric vehicle business before it was profitable, a transition that occurred just about five years ago. However, that really isn't shocking at all.Image source: Rivian.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool