Analysis: Evaluating Rivian Automotive's Potential Growth towards a $100 Billion Market Cap by 2035

Thursday, 4 April 2024, 08:45

Rivian Automotive's (NASDAQ: RIVN) stock soared to a record high of $172.01 on Nov. 16, 2021, marking a remarkable 120% surge from its IPO price of $78 within a week. This surge propelled the EV manufacturer's market capitalization to an impressive $153 billion. With such rapid growth, will Rivian be able to achieve a $100 billion market cap by 2035?

Evaluating Rivian Automotive's Growth Potential

Rivian Automotive (NASDAQ: RIVN) witnessed a phenomenal 120% leap in stock value within just a week, reaching a record high of $172.01 on Nov. 16, 2021.

Key Points:

Market Capitalization: The impressive surge lifted Rivian's market cap to $153 billion.
Future Forecast: Will Rivian sustain this growth to reach $100 billion by 2035?

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Evaluating Rivian Automotive's Growth Potential

Key Points:

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