The company delivered more than 20,000 vehicles in 2022.
Not every stock is a successful investment from day one; many stocks that went public during the height of the bull market in 2020 and 2021 are still down today. Electric vehicle start-up Rivian Automotive (RIVN -2.22%) has been among Wall Street’s biggest disappointments. Shares trade at $18, from an IPO price of $78. In other words, a $10,000 investment would be worth just over $1,900 today.
That’s all water under the bridge, though — where the stock goes from here is what matters now. Will investors sitting on losses see their investments rebound? Is $18 per share an attractive entry point for long-term investors? I’ll detail the challenges facing Rivian to help you make a decision.
Read more here: https://www.fool.com/investing/2023/02/17/if-you-invested-10000-in-rivian-in-2021-this-is-ho/
