2 Reasons Why Now Is the Time to Buy Rivian Stock

Tesla is stealing the headlines with its latest robotaxi service, which recently launched in Austin, Texas. Rivian Automotive (NASDAQ: RIVN), meanwhile, has stayed in the shadows due to a lack of flashy milestones. But if you're looking to buy an exciting electric car stock that could one day become the next Tesla, it's time to take a closer look at Rivian.Right now, Rivian shares trade at a sizable discount to competitors like Lucid Group and Tesla. Lucid stock trades at 7.1 times sales while Tesla shares trade at an 11.5 multiple. Rivian shares, however, trade at just 2.7 times sales.Much of this discount is warranted. Rivian's sales growth should be a lot slower this year than Lucid's. Tesla, meanwhile, has a significant capital advantage, as well as long-term upside from exciting opportunities like its robotaxi division.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool