Rivian Automotive: Growth Stock Mystery

Rivian Automotive Inc. (NASDAQ: RIVN) post-IPO is valued as a growth stock.

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Rivian Automotive creates, develops, produces, and sells electric vehicles.

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Rivian went public in November 2021 at $78/share, with a valuation of about $66.5 billion.

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Rivian's stock is priced as a growth stock, yet the business growth doesn't justify the current stock price.

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Last quarter, deliveries saw a 10% decline.

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In Q4 2023, Rivian delivered 13,972 vehicles, below the estimated 14,430.

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Rivian spent half of its $18 billion cash and faced a $33,000 loss per truck in Q2.

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Rivian's stock, down 90% from its peak and 80% from its IPO price, is still considered a high-growth stock.

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