While Rivian prides itself on being built for adventure, that’s probably not the type the company had in mind. RIVN is down some 16% year-to-date.
The EV industry doesn’t have quite the same buzz as it did a few years ago, especially when rocket ships are flying overhead. It also didn’t help that the U.S. government removed a $7,500 consumer tax credit last year.
Investor Leo Sun believes that the lack of interest across the market has created an interesting opportunity.
“Rivian might be on the cusp of a historic turnaround if the R2 attracts more drivers,” explains the 5-star investor, who writes for The Motley Fool.
Sun isn’t bothered by the fact that EVs aren’t in the headlines these days, even going so far as to argue that this is one reason that Rivian is a “screaming bargain.” And it’s not just the shinier AI stocks and massive IPOs that are pushing investors to look elsewhere, he notes, as fears of tariffs, inflation, interest rates, and various supply chain disruptions have all made EV stocks feel less attractive.
