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Aditya Raghunath

Should You Scoop Up Rivian Stock After Its 2024 Guidance Cut?

Rivian RIVN General Motors

After a blockbuster IPO in late 2021, shares of electric vehicle (EV) manufacturer Rivian (RIVN) have trailed the broader markets by a wide margin. Valued at a market cap of $10.37 billion, RIVN stock currently trades 94% below its record high. This means the stock would have to surge over 1,600% from current levels to recoup the losses of investors who purchased it at all-time highs.

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