From Nasdaq: 2024-05-13 12:19:44

Rivian Automotive’s stock (NASDAQ: RIVN) surged by 12% on Monday, continuing a monthlong surge of over 30%. The jump came after reports of potential EV tariffs from the Biden administration on Chinese goods. With a P/S ratio slightly over 2, Rivian may still be a good buy for investors despite risks.

Investors are wondering if it’s too late to buy stock in Rivian Automotive, but with potential tariffs on EVs, the company’s SUV lineup could benefit. Rivian also has orders for electric delivery vans from Amazon. The Motley Fool recommends considering other stocks over Rivian, based on past monster returns.

Former Whole Foods Market CEO John Mackey is a member of The Motley Fool’s board of directors, with positions in Amazon and Rivian Automotive. The Motley Fool has positions in and recommends Amazon, providing a disclosure policy. The views expressed do not reflect Nasdaq, Inc.’s opinions.



Read more at Nasdaq: Rivian Stock Has Been on Fire. Is It Too Late to Buy?