Rivian Automotive (NASDAQ: RIVN) shares have surged over the past month, rising in value by roughly 50%. But don’t think that it’s too late to take advantage. The electric vehicle maker is about to experience a huge jump in growth, a surge that could persist for several years.
Shares still look like a strong buy for patient investors, but there is one particular risk that every investor must be aware of before diving in.
It takes a long time to get a new vehicle from the design stage to production and final delivery. A long time. Rivian was initially founded in 2009 as Mainstream Motors. It didn’t release its first vehicle, the R1T, until 2021 — more than a decade later. The R1S, which uses essentially the same platform as the R1T, was released the following year.