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Stock impact report

Rivian Stock Is Outrageously Cheap, but Does That Make It a Buy Now? [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Compared to other electric car stocks, Rivian (NASDAQ: RIVN) shares are undeniably cheap. Tesla stock, for example, trades at 15.8 times sales. Lucid Group , a struggling EV competitor, trades at 3.3 times sales. Yet Rivian -- a promising EV maker with an exciting few years ahead of it -- trades at just 2.9 times sales. From this perspective, Rivian stock looks extraordinarily cheap, especially following the recent correction . But does that make shares a buy? You might be surprised by the answer. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Don't compare other EV stocks to Tesla The valuation gap between Rivian and Tesla is huge. The same is true for Lucid's valuation versus Tesla's. And while relative valuation techniques are still useful in this context, you'll need to take this valuation gap with a g Show less Read more
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