What is Rivian Automotive Inc?
The main vision of Rivian is to manufacture SUV type vehicles suchvas pickup trucks and UTE’s
Rivian has also produced vans for the largest e- com company Amazon.
Is Rivian Automative Inc share promising now?
Rivian holds the reputation of being the largest IPO of 2021, capital raised from the IPO was 11.9 billion dollars is the largest fundraising after Facebook IPO in 2012.
Rivian at its peak was worth 150 billion dollars, now the company is at 33 billion dollars.
Why is Rivian Automative Inc in difficult situation now?
Rivian difficulties are because of rhe following reasons-
The major reason is Rivian supply chain difficulties and the fear of recession around the corner, the increased manufacturing cost leading to an increase in the price and hence resulting in limited production.
companies burn through cash is very high compares to the result, if the company continues to burn through cash so aggressively without getting the desired result, of increased production and sales volume the stock price of Rivian will continue to fall.
Rivian Automative Inc stock prediction 2022 to 2040
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2022 | $35 | $40 | $45 |
| 2023 | $50 | $60 | $70 |
| 2024 | $80 | $95 | $110 |
| 2025 | $120 | $150 | $185 |
| 2026 | $190 | $205 | $220 |
| 2027 | $230 | $245 | $260 |
| 2028 | $265 | $280 | $300 |
| 2029 | $340 | $365 | $400 |
| 2030 | $425 | $460 | $500 |
| 2040 | $1000 | $1150 | $1300 |
Another POV on Rivian Stock
Must read: Nio stock price prediction 2030
Must read: Ford Motor Priceprediction 2022-2030
Must read: Apple Stock price prediction
FAQ
It is mainly because of the ongoing supply chain issue which continues to hold back the production.
it is because Rivian has struggled to increase the production rate.
considering the present scenario, Rivian is indeed a risky stock to invest in
Rivian management is trying hard to beat the rising cost and inflation, hopefully, by 2024 it will be solved, Electric vehicle companies are here to stay so it’s a good long time investment.