Is Rivian Stock a Millionaire Maker?
The future looked bright for electric vehicle (EV) makers such as Rivian Automotive (NASDAQ: RIVN) in 2021. After debuting on the public markets through a massive initial public offering (IPO) the stock had a market cap of over $100 billion even though the business wasn't generating any revenue. Since then, any shareholder in Rivian has experienced a lot of pain.
Shares of Rivian stock are down 92% from all-time highs set in 2021, severely underperforming the market indices over that span. Now, it has a market cap of just $16 billion but is still working diligently to expand its footprint in the premium EV space, build a vertically integrated hardware-software model, and is partnering with automotive peers like to get more investment capital.
Image source: Getty Images.
Source Fool.com
Volkswagen AG VZO Stock
Our community is currently high on Volkswagen AG VZO with 5 Buy predictions and 2 Sell predictions.
With a target price of 104 € there is a slightly positive potential of 15.1% for Volkswagen AG VZO compared to the current price of 90.36 €.
