Where Will Rivian Stock Be in 5 Years?​

Rivian (NASDAQ: RIVN), a producer of electric vehicles, went public at $78 on Nov. 10, 2021. Today, its stock trades at $15. It initially attracted a lot of attention because it already delivered its first vehicles, and its top investors were Amazon (NASDAQ: AMZN) and Ford (NYSE: F).However, Rivian lost its luster after missing ambitious production targets, incurring steep losses, and failing to justify its sky-high valuations. Ford also scrapped its plans to co-develop an electric pickup with Rivian and liquidated most of its Rivian shares in 2022. But could this out-of-favor stock bounce back over the next five years?Image source: Rivian.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool