A year ago: What edge does Rivian have in the truck or EV market?
The company had a market cap of $140 billion. How has the stock done over the past 12 months, relative to the S&P 500?
4 thoughts on “How is Rivian stock doing?”
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A posting every day; an interesting idea every three months…
A year ago: What edge does Rivian have in the truck or EV market?
The company had a market cap of $140 billion. How has the stock done over the past 12 months, relative to the S&P 500?
Comments are closed.
Assuming this isn’t one of those Trick Questions:
RIVN:
November 16, 2022: 35.15
November 16, 2021: 172.01
20.4% or off 80% in a year.
S&P 500:
November 16, 2022: 3991.73
November 16, 2021: 4700.90
84.79 % or off 15% in a year.
In October, Rivian suffered a legal setback regarding the enormous tax breaks (totaling $1.2B) associated with their plans to build a huge battery plant in Georgia.
https://fortune.com/2022/10/01/rivian-georgia-plant-property-tax-break-judge-ruling-5-billion/
It is a tricky question. You see, your calculation is way off. You didn’t take into account Bidenflation.
So the Greenspuns didn’t watch SLS.
There should be an internet application where someone can type in a stock ticker symbol and and compare a single stock to the S&P 500 over a one year period. I must admit I have not read “Software Engineering for Internet Applications” but maybe if I buy the book I could learn how to make an internet application that could perform this very task.