The Fed Just Lowered Interest Rates. Is Rivian Stock a Buy Now?

The Fed rate cut will certainly help Rivian, and other automakers, but does it make the EV maker a buy now?There's a narrative out there that electric vehicle (EV) sales aren't growing, and that's not true. EV sales are indeed growing. Just last week, data came out showing that new EV registrations jumped 18% in the U.S. market during July, compared to the prior year.The truth is that EV sales are still growing decently, and are still taking market share from traditional gasoline-powered vehicles. They just ...