Rivian (NASDAQ: RIVN), an electric vehicle manufacturer, went public at $78 on November 10, 2021, but has since seen its stock decline to $15 due to missed production targets, significant losses, and declining valuations. The company initially gained traction with early vehicle deliveries and backing from Amazon (NASDAQ: AMZN) and Ford (NYSE: F), but Ford later abandoned plans to collaborate with Rivian and sold off most of its shares. Despite these challenges, there are questions about Rivian’s potential for recovery over the next five years.
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