Think Rivian Stock Is Expensive? These 4 Charts Might Change Your Mind.
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Rivian (NASDAQ: RIVN) has grown immensely since the company went public in 2021. At the time of its IPO, sales were essentially zero. Today, annual revenues are above $5 billion. That's an incredible climb in just four years.But if you think Rivian stock has gotten too expensive while its top line has been growing, think again. It's actually one of the cheapest electric vehicle stocks on the market today -- and these four charts show why.It can be difficult to predict just how big a company has the potential to become when it operates in a new growth market. Right now, for instance, no one knows exactly how big the artificial intelligence (AI) industry will ultimately be, which makes it harder to value many AI stocks. The AI industry, however, is just taking off. The electric vehicle industry has been on its growth journey for more than a decade.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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