Where Will Rivian Automotive Stock Be in 3 Years?
Rivian Automotive (NASDAQ: RIVN), 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. Will it bounce back again over the next three years?
Image source: Rivian.
Source Fool.com
