Down 22% This Year, Is Rivian Stock Overdue for a Rally?

Rivian faces a critical make-or-break moment with the launch of its mass-market R2 electric vehicle. While the company has achieved impressive milestones including producing gross profit on its trucks, it remains unprofitable overall. Wall Street's 22% year-to-date stock decline reflects concerns about whether the R2 can succeed in a competitive EV market now dominated by major automakers. Investors should wait for clarity on R2 sales performance before investing, as this is a high-risk growth play.