Where Will Rivian Automotive Stock Be in 3 Years?
Rivian Automotive(RIVN) The Motley Fool·2024-12-11 10:25
The little electric vehicle maker still has a lot to prove.Rivian Automotive (RIVN -2.70%), a producer of electric pickups, SUVs, and delivery vans, went public just over three years ago. It soared from its IPO price of $78 to $106.75 on its first trade before setting a record high of $172.01 just a week later.But today, Rivian trades at about $15. Like many other EV makers, it lost its luster as it grappled with supply chain issues, struggled to meet its own production goals, and racked up steep losses. Wi ...