Is Rivian Automotive a Millionaire Maker?
was the trailblazer in the electric vehicle (EV) industry, and competitors, both incumbent brands and start-ups, have tried replicating its success ever since. Rivian Automotive (NASDAQ: RIVN) has done a solid job establishing itself as a legitimate presence in the field, with over 50,000 deliveries last year.
Unfortunately, the stock hasn't had the same trajectory. Shares quickly peaked after Rivian went public in late 2021 and have declined over 90%. However, Tesla's stock was once in a similar position, which, in hindsight, was a life-changing investment opportunity.
I delved deep into Rivian's fundamentals to determine how likely it is to become a millionaire-making stock from current prices.
Source Fool.com
Tesla Inc Stock
€412.35
3.530%
Currently there is a rather positive sentiment for Tesla Inc with 108 Buy predictions and 41 Sell predictions.
However, we have a potential of -1.05% for Tesla Inc as the target price of 408 € is below the current price of 412.35 €.
