Reported 4 days ago
Investing $150 in Rivian stock at its IPO three years ago would now value at only $17 due to significant overpricing and the company's struggle in the competitive electric vehicle market. Despite Rivian's impressive revenue growth from $55 million in 2021 to over $5 billion last year, its stock has underperformed largely because it peaked at an unsustainable market cap. Although future growth looks promising with upcoming mass-market models, recent market trends suggest caution for potential investors.
Source: YAHOO