1 No-Brainer Electric Vehicle (EV) Stock to Buy With $500 Right Now

This year, the valuations of many electric car stocks slumped. One that struggled mightily at times was Rivian (RIVN 1.20%). At the start of 2024, shares were priced above $20. Last month, they fell below the$10 mark.Then something extraordinary happened. In recent weeks, Rivian shares have surged by more than 40%. It seems as if market sentiment for this struggling EV stock has finally turned around. But if you think the upside potential has already been realized, think again. This is a business that coul ...