from24/7 Wall St.
2 days agoWill Rivian (RIVN) Stock Hit $50 by 2030?
If you missed out on the multi-decade returns of Tesla ( NASDAQ:TSLA) stock, maybe you'll get a second chance with electric vehicle (EV) manufacturer Rivian Automotive ( NASDAQ:RIVN). For the next four to five years, some loyal RIVN stockholders hope to achieve Tesla-like growth. In the most optimistic scenario, Rivian stock would stage a spectacular comeback and rally to $50 by 2030. However, in a more pessimistic scenario, Rivian could run out of money next year and file for bankruptcy. No one knows for sure whether RIVN stock will become a hero or a zero by 2030. Still, you could have a huge winner on your hands with a share position in Rivian, so let's see what's under the hood with this fascinating EV producer.
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