Where Will It Be in 1 Year (Dec 3)
Shares of Rivian Automotive Inc. (NASDAQ: RIVN) are changing hands for 10.5% more than a week ago, despite a significant recall of nearly 35,000 vehicles due to a seatbelt issue and another round of layoffs. The share price is now 45.2% higher than a year ago, outperforming the S&P 500 in that time.
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The EV market is expected to grow at a compound annual growth rate (CAGR) of 32% through 2030, but Rivian Automotive Inc. (NASDAQ: RIVN) forecasts lower deliveries for 2025 than in 2024.
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Rivian stock had been trending upward recently despite facing challenges. Here is a look at where the stock could be in a year.
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