Rivian Shares Drop 90%

Rivian Shares Drop 90%

The early excitement about electric vehicles (EVs) sent Rivian Automotive Inc. (NASDAQ: RIVN) stock from the IPO offering price of $78 on November 10, 2021, to $129 on November 12. It trades near $14 today. The stock is down 90% in the past five years, as the company has made almost no progress to become a player in the EV sector. 24/7 Wall St. Key Points: Rivian Automotive Inc. (NASDAQ: RIVN) has made almost no progress to become a player in …