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Barchart
Barchart
Ruchi Gupta

Analysts: This Once Red-Hot EV Stock Could Plunge 50% From Here

Rivian Automotive (RIVN) is an electric vehicle company that markets its popular R1T and R1S models. The company also sells accessories such as field kits, tents, gear guard cables, snowboard and surfboard mounts, and more. Additionally, Rivian has a subscription-based service aimed at analyzing the products to improve the cost of ownership.

Rivian had a blockbuster debut on Wall Street back in November 2021, quickly reaching a valuation of $86 billion.

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