What's Going On With Rivian Stock?

By Parkev Tatevosian, CFA – Feb 29, 2024 at 6:30AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$10B

Today's Change

(-2.25%) -$0.23

Current Price

$9.99

Price as of May 10, 2024, 4:00 p.m. ET

Rivian informed investors of the progress in lowering vehicle costs over the previous year.

Fool.com contributor Parkev Tatevosian elaborates on what the improvements could mean for Rivian (RIVN -2.25%) stock investors.

*Stock prices used were the afternoon prices of Feb. 26, 2024. The video was published on Feb. 28, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.