Prediction: This Is What Rivian Stock Will Do if the R2 Is a Smashing Success
Don't assume an inflection point in deliveries will lead to an inflection point for shares.
Overview
Currently trading for around $18 per share, Rivian Automotive (NASDAQ: RIVN) has fallen by 82.5% since its 2021 initial public offering (IPO).
Most longtime Rivian investors remain underwater, but new investors could profit following the recent launch of the EV maker's lower-priced R2 line. That said, while the R2 may revive growth, it may not move the needle for the stock.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.