Is Rivian (RIVN) a Millionaire Maker Stock?
Will this underdog EV maker finally shine over the next few years?
Overview
Rivian (NASDAQ: RIVN) hasn't minted any new millionaires since its IPO in Nov. 2021. The EV maker went public at $78 per share, but it now trades at about $15. Its stock plummeted as it struggled to ramp up its production and racked up steep losses.
From 2023 to 2025, Rivian's total vehicle deliveries dropped from 50,122 to 42,247 as it struggled with supply chain bottlenecks, macro headwinds, and fierce competition. But could its newest vehicle -- the R2 SUV -- finally end that slowdown and drive its stock to deliver millionaire-making gains over the next few years?
Image source: Rivian.
Details
Source
Originally published at www.fool.com.
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