Think It's Too Late to Buy Rivian? Here's the Biggest Reason Why There's Still Time.

I wrote a lot about Rivian Automotive (NASDAQ: RIVN) earlier this year, arguing that shares are criminally undervalued versus their long-term potential. After a long stretch of share price weakness, the market has finally started to shift its sentiment. Since the beginning of November, for instance, Rivian's stock value has increased by roughly 40%.Are shares still undervalued? Read on, and the answer might surprise you!As an emerging electric car stock, Rivian's future is far from settled. Less than 10% of cars sold in the U.S. this year have been electric vehicles (EVs). The company has only two models in the market today: the R1T and the R1S. Both sell for around $100,000 apiece -- far more expensive than most consumers can afford. So when it comes to industry growth and Rivian's ability to grow within that industry, it's just getting started. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool