The stock is slowly mounting a comeback.The boom and bust cycle in electric vehicles (EVs) may be coming full circle. Stocks like Rivian Automotive (RIVN 0.85%) plummeted over the last few years as the bubble popped in the sector. Many companies have gone bankrupt, unable to make their business models viable.Rivian remains unprofitable today, but it has large backers and a plan to greatly expand its manufacturing footprint through the rest of this decade. At around $15 a share today, Rivian stock has bounce ...

Key Points Rivian's third-quarter deliveries rose 32% year over year and beat expectations. Management narrowed full-year delivery guidance, implying a softer fourth quarter. The stock's valuation looks more reasonable after the drop. 10 stocks we like better than Rivian Automotive › Rivian Automotive (NASDAQ: RIVN) slid again this week after the electric vehicle maker reported quarterly deliveries and trimmed its full-year outlook. The stock's move follows a short run-up into the report and comes ...