Reported about 1 month ago
Rivian Automotive saw a dramatic rise and fall in its stock price since its IPO in 2021, plummeting from a high of $172 to about $10 today. Despite initial promise backed by major investors like Amazon and Ford, Rivian faced production challenges and losses, only producing 57,232 vehicles in 2023. But with significant liquidity and a new partnership with Volkswagen, Rivian is aiming to scale and introduce new models, making it a speculative investment that could yield high returns for risk-tolerant investors.
Source: YAHOO