Rivian is a US maker of electric vehicles and EV technology founded in 2009. Learn the latest information and analysis on the company, RIVN stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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Rivian is working on three electric vehicles: the R1S, a sports utility vehicle (SUV), the R1T, a pickup truck, and an electric delivery van currently being developed in partnership with Amazon. In late 2021, Rivian started delivering the R1T, while the other two models remain in development. The company also has plans to build a charging network in the US and Canada by the end of 2023.
Rivian raised almost $14 billion in its IPO in November 2021, which gives it great potential to become a competitor to Tesla.
The Rivian stock price grew 70% within the first week of the IPO, reaching a price of $179. This made it the largest IPO for a US company since Facebook. However, the price has been falling ever since and the stock trades at around $35 as of April 2022. This looks like a bargain considering the company’s partnership with Amazon and the opportunity to carve out a strong niche on the EV market for years to come.
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