Rivian stock rises amid plans to set up a factory in Georgia: you can buy the stock here

Rivian has been in the limelight for lots of good news recently; something that has caused the price of the Rivian stock to start rising.

The news making headlines at the moment about Rivian is their planned Georgia plant that has sparked controversy in the state’s governor race.

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To help stock traders eying the Rivian stock, Invezz has created a brief article on what it is and the best places to buy it.

To find out more, please continue reading.

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What is RIVN stock?

RIVN stock is the stock of Rivian Automotive Inc., and it trades on the NASDAQ stock exchange under the ticker NASDAQ: RIVN.

Rivian Automotive is an American company that deals with electric vehicle production. It was founded in 2009.

Rivian rolled out its first all-electric pickup truck on September 14 entering the electric vehicles industry with a bang as it competes with the likes of Tesla and Lucid.

After conducting a monster IPO on Nov. 9, the company has gone ahead to become the third-largest automaker after Tesla and Toyota.

Should I buy the RIVN stock today?

If you want to invest in the stock of an electric vehicle start-up, then Rivian stock could be a good choice.

Nevertheless, there are very many competitors in the Electric vehicle industry with the likes of Tesla, General Motors, Lucid and others controlling a considerable share of the market and Rivian would need to up its game to ensure it stays in the market.

Rivian stock price prediction

Rivian stock price is expected to continue rising and it is expected to get back above $100 before the end of the first quarter of 2022.