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Is Rivian Stock a Buy on the Dip?

TheMotleyFool

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Is Rivian Stock a Buy on the Dip?: https://g.foolcdn.com/editorial/images/868601/rivn.png

It's been a volatile start to the year for Rivian Automotive (NASDAQ: RIVN), and that pattern continued after the stock price fell following its Q1 results release after the bell on April 30. The stock is now down more than 25% year to date, as of this writing.

Let's dive into the electric vehicle (EV) maker's results and prospects to see if investors should buy the dip in the stock.

In Q1, Rivian saw revenue rise 11% year over year to $1.4 billion, while deliveries jumped 20% to 10,365 vehicles. Nearly half of its revenue came from Electric Delivery Van deliveries to Amazon.

Source Fool.com

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