Rivian Automotive Inc ( RIVN ) shares are down 3.55%, trading at $13.46 at last check Monday. The stock has been extremely volatile ever since the company reported second-quarter financial results last week.

The results highlighted a mix of promising advancements and persistent challenges as Rivian continues its pursuit of profitability. Several analysts revised their ratings following the earnings report.

What Happened: Rivian achieved $1.16 billion in revenue, surpassing Wall Street’s consensus estimate of $1.13 billion. However, Rivian’s adjusted earnings per share reflected a loss of $1.46, which exceeded the forecasted loss of $1.21 per share.

In the quarter, Rivian produced 9,612 vehicles and delivered 13,790, highlighting its commitment to scaling operations. CEO RJ Scaringe described the quarter as "defining," citing substantial advancements in cost efficiency, product enhancements, and strengthening the balance sheet.

At the end of the quarter, Rivian’s cash and cash equivalents stood at $7.9 billion, with total liquidity reaching $9.2 billion. This was bolstered by a $1 billion unsecured convertible note from Volkswagen, part of a planned joint venture.

Read Also: What’s Going On With Alibaba Stock?

How To Buy RIVN: Besides going to a brokerage platform to purchase a share or fractional share – of stock, you can also gain access to shares either by buying an exchange-traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Rivian Automotive’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, RIVN has a 52-week high of $24.87 and a 52-week low of $8.26.

Read Now:

Oil Prices Eye Fourth Straight Day Of Gains As Geopolitical Risks Overshadow OPEC's Cooler Demand Forecast