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Is It Worth Betting on Rivian (RIVN) Ahead of Q1 Earnings?
Rivian AutomotiveRivian Automotive(US:RIVN) Zacks Investment Research·2024-05-06 23:01

Electric vehicle (EV) maker Rivian Automotive (RIVN) made its blockbuster market debut in 2021. In fact, it was the largest IPO of the year, capitalizing on the excitement surrounding green vehicles. Within a mere week of its debut, the stock rocketed 120% from its IPO price of 78/share,closingatarecordhighof78/share, closing at a record high of 172.01 on Nov 16, 2021. At its peak, the market cap of the company exceeded $150 billion—outstripping even legacy automakers like General Motors (GM) and Ford (F) .Fast forward to the present, ...