If You'd Invested $10,000 in Rivian in 2021, This Is How Much You Would Have Today
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 (NASDAQ: RIVN) 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.
Every company's journey is unique, but there are some lessons we can take from those before us. Rivian is an automotive start-up trying to build enough vehicles to become profitable. Competitor Tesla made the same journey years before, and looking at that process can give you some clues to the potential challenges facing Rivian.
Source Fool.com
