Where Will Rivian Stock Be in 3 Years?

Rivian Automotive (NASDAQ: RIVN) highlights the dangers of investing in initial public offerings (IPOs) -- a time when hype and excitement can cause investors to lose sight of a company's value. Down by a whopping 86% from its starting price, Rivian is proof that patience is often the better strategy.

But after several years of decline, is this automaker finally ready to turn over a new leaf? Let's discuss what the next three years could have in store.

It is no secret that the electric vehicle (EV) industry has lost some of its luster compared to when Rivian first hit the market three years ago. Back then, industry leaders like were stunning Wall Street with exceptional growth and margins. And investors were willing to assign high valuations to smaller, pure-play EV makers like Rivian because they expected these companies to replicate some of that success.

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Source Fool.com