Where Will Rivian Stock Be in 3 Years?

Trading for around $13.57 at the time of writing, Rivian Automotive (NASDAQ: RIVN) is a far cry from its all-time high of $172, reached in November 2021. A lot has changed since then. Electric vehicles (EVs) have shifted from a seemingly sure bet to an uncertain and competitive market. At the same time, Rivian has consistently disappointed investors with massive losses and a slower-than-expected ramp-up.That being said, it's still far too early to write the company off. Battery electric technology continues to improve alongside manufacturing efficiency. And automotive analysts still widely expect EVs to eventually replace gasoline-powered alternatives. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool