Rivian vs. the S&P 500: Which Investment Wins Through 2030?
Yahoo Finance ·
Rivian ( RIVN +1.00% ) , 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 ( ^GSPC -0.01% ) rallied nearly 120%. Rivian initially impressed investors because it was already producing thousands of vehicles, and it was backed by Ford Motor Company ( F -1.89% ) and Amazon ( AMZN -0.58% ) . But in 2022, it produced only 24,337 vehicles -- compared to its original target of 50,000 -- as it struggled with supply chain issues. By early 2023, Ford had sold nearly all of its Rivian shares. Rivian more than doubled its production to 57,232 vehicles in 2023 as it overcame some of those challenges, but that figure shrank again to 49,476 in 2024 and 42,284 in 2025. That failure to expand its business, along with its staggering losses, weighed down its stock. But with a market cap of $22 billion, Rivian trades at less than three times this year's sales. Tesla ( TSLA -0.89% ) , which is worth $1.5 trillion, trades at 14 times this year's sales. So could some fresh catalysts drive investors to revalue Rivian as a higher-growth EV stock? Let's see if it can bounce back and outperform the S&P 500 through the end of the decade.
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