Has Rivian Stock Reached a Buyable Bottom?

Rivian stock remains under pressure as the company disappointed investors with its outlook for electric vehicle deliveries in 2023. The electric vehicle manufacturer is still facing supply chain difficulties that are limiting the availability of semiconductor chips. 

Of course, what investors really want to know is if Rivian stock is at a buyable bottom. That’s the focus of this video with Laycee Kluin of MarketBeat and MarketBeat contributor Chris Markoch. Markoch points out that analysts remain bullish on the stock but are lowering their price targets.

However, Markoch reminds investors to evaluate Rivian on its own merits. Because no matter how you feel about the long-term outlook for electric vehicles, these are capital-intensive businesses, and many will struggle during this transition.

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