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NE NEBRASKA | I know pervious discussion on Rivian. High stock price was $179.47, today $86.33, still a $78.62 billion market cap. Stock price hurt after Amazon made technology deal with Stellantis. Amazon is a big backer of Rivian so it was kind of interesting situation.
I personally think Rivian should be about a $10 stock. With all major auto manufacturers jumping on EV bandwagon I just don't see how market share can be gained. Fruther consolidation is needed. Tesla is sky high but they also own Space X and Solar City. | |
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Rivian stock
