Can Rivian Automotive Double in 5 Years? Here's What It Would Take.

Don't give up yet on this beaten-down electric vehicle stock.Rivian Automotive (RIVN -2.24%) was one of the market's hottest stocks when it went public in November of 2021. Its stock more than doubled from its initial public offering (IPO) of $78 to its all-time high of $172.01 just a week later. At the time, investors were impressed by its production rates and its firm support from Amazon and Ford Motor.But as of this writing, Rivian's stock trades at about $10. It lost its luster as it missed its own prod ...