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Where Will Rivian Automotive Stock Be in 3 Years?
RIVNRivian 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 78to78 to 106.75 on its first trade before setting a record high of 172.01justaweeklater.Buttoday,Riviantradesatabout172.01 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 ...