Me too, I think their products are exceptional for an early company. It was pumped high initially due to Tesla hype and investors Looking at their stock as the next potential Tesla (200x appreciation). That bubble passed shortly after the IPO, though, and unfortunately, Rivian had reported missing production and delivery targets for a few quarters in a row, increased expenses, like the rest of the industry, and generally not performing compared to what they told investors to anticipate.
They’ve had difficulty recovering since then and the share price is trading at about 1/10th of the IPO price.
Me too, I think their products are exceptional for an early company. It was pumped high initially due to Tesla hype and investors Looking at their stock as the next potential Tesla (200x appreciation). That bubble passed shortly after the IPO, though, and unfortunately, Rivian had reported missing production and delivery targets for a few quarters in a row, increased expenses, like the rest of the industry, and generally not performing compared to what they told investors to anticipate.
They’ve had difficulty recovering since then and the share price is trading at about 1/10th of the IPO price.