If You'd Invested $1,000 in Rivian Stock 3 Years Ago, Here's How Much You'd Have Today

Looking in the rearview mirror, investors will find that Rivian (NASDAQ: RIVN) has performed exceptionally well over the past year. Shares of the electric truck maker's stock have soared more than 33%, while the S&P 500 has nudged about 3.8% higher.But has the road that investors have traveled over the past few years been as smooth? Have those who parked Rivian stock in their portfolios in April 2022 seen their investments grow, or are they still waiting for the electric vehicle (EV) stock to make a U-turn and drive higher?Roaring out of the gate, Rivian raced more than 45% higher from the time of its initial public offering (IPO) on Nov. 10, 2021 through the ensuing week. At that time, enthusiasm for EV stocks was running high. Investors had eagerly been awaiting Rivian's IPO, recognizing the company -- and its alluring electric pickup truck -- as a viable EV investment alternative to Tesla.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool