Key Points Rivian’s stock trades 80% below its IPO price. The R2 could represent a turning point for the struggling EV maker. 10 stocks we like better than Rivian Automotive › Rivian (NASDAQ: RIVN) , a maker of high-end electric vehicles , went public at $78 per share on Nov. 10, 2021. It closed at a record high of $172.01 just six days later, but it only trades at about $15 today. During the same period, the S&P 500 (SNPINDEX: ^GSPC) rallied nearly 120%. Rivian initially impressed investors because it was already producing thousands of vehicles, and it was backed by Ford Motor Company (NYSE: F) and Amazon (NASDAQ: AMZN) .
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