Rivian stock is going through turbulent times as of late. Following the firm's November IPO at $78 a share, prices surged to $172 before suddenly dipping back down to around $100. Then came the general stock sell-off, and now RIVN is at just $57.12 as of writing. That makes the company worth around $50 billion - roughly half the value of Ford.
Rivian is, as you probably know, delivering a small number of vehicles at the moment and has overcame the biggest hurdle of any automotive startup - reaching production. It also has backing from Ford and Amazon, and reviews of the R1T pickup have generally been very positive.
