Why Rivian Could Become A Single Digit Stock Soon

Summary:

  • Rivian said yesterday that it fell short of its 2022 production goal.
  • Shares of the EV start-up slumped to a new 1-year low as a result.
  • Valuation remains way ahead of Rivian’s delivery possibilities.

Rivian Electric Pickup Truck

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Shares of Rivian Automotive (NASDAQ:RIVN) have seen a major revaluation to the down-side in 2022 and they continued their slide in the new year as well. Shares of Rivian slumped 6% yesterday to a new 1-year low at $17.08 in the

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Data by YCharts

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Data by YCharts

Chart
Data by YCharts


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