Rivian Stock Is Crashing: What's a Good Entry Price?

By Parkev Tatevosian, CFA – Apr 13, 2024 at 8:32AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$9B

Today's Change

(3.08%) $0.28

Current Price

$9.32

Price as of April 29, 2024, 3:02 p.m. ET

Rivian's stock price is down significantly as investors realize consumer enthusiasm for EVs is nowhere near what was anticipated.

Fool.com contributor Parkev Tatevosian evaluates Rivian (RIVN 3.08%) stock and gives his analysis on a reasonable entry price.

*Stock prices used were the afternoon prices of April 10, 2024. The video was published on April 12, 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.