The RIVN stock that corresponds to Rivian will definitely exit the Nasdaq 100 in the next few days.
A few weeks ago we made a small analysis of what was happening with the value of Rivian (RIVN) on the stock market, and one of the conclusions we came to comment on is finally going to be implemented.
Rivian is a recently created company that has wanted to distance itself from traditional electric cars and has sought to give its vehicles a personality of their own, directly associated with adventure and off-road terrain.
The Rivian R1T and R1S, its first two creations, have demonstrated this and the company is already working on the Rivian R2S, its next big goal.
It is important to remember that behind the company are large investment funds, including companies such as Amazon and Ford, which have invested a lot of money in Rivian to make the project viable and a reality.
We could say that the first phase has been achieved, the Rivian R1T and R1S are already on sale and some owners in the United States are already enjoying these vehicles on a daily basis. However, the production rate is not entirely positive and this has severely penalised the value of the Rivian share (RIVN) in recent months, which currently has a value of around $15, when at its peak it traded at over $172.
This delicate situation of the share value has finally caused Rivian to be removed from the prestigious Nasdaq 100 index, a stock market index of the 100 largest non-financial companies listed on the Nasdaq.
RIVN will no longer appear on the Nasdaq 100 on 20 June 2023, when it will be replaced by another stock.
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