This year, electric car stocks, including Rivian (NASDAQ: RIVN), saw valuations slump, with shares dropping below $10 from above $20. Recently, Rivian’s shares surged by over 40%, signaling a potential turnaround in market sentiment. The company’s market cap has shrunk to $14 billion, far below its IPO valuation of $100 billion.

Rivian’s upcoming milestone is its quarterly report on Feb. 18, where it aims to achieve positive gross margins after years of net losses on each vehicle sold. Positive margins could spark a positive market reaction, while failure to meet targets could create a buying opportunity. Investors should consider Rivian’s long-term potential despite short-term fluctuations.

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Read more at Nasdaq: 1 No-Brainer Electric Vehicle (EV) Stock to Buy With $500 Right Now