Where Will Rivian Stock Be in 3 Years?

Rivian Automotive (NASDAQ: RIVN) was on top of the world when it went public in late 2021 at the height of electric vehicle (EV) industry optimism. With a market cap that exceeded $100 billion, the start-up was briefly America's second-most valuable automaker, ahead of Ford Motor Company and General Motors despite reporting almost no sales. Naturally, the overvaluation didn't last. Now, Rivian's stock has fallen a whopping 93% from its all-time high, which is sure to catch the attention of value-conscious investors who are optimistic about the future of America's EV industry. Let's explore what the next three years may have in store for the company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool