Is Rivian (RIVN) a Millionaire Maker Stock?

Key Points Rivian’s stock has dropped more than 80% since its public debut. But it looks undervalued relative to its long-term growth potential. 10 stocks we like better than Rivian Automotive › Rivian (NASDAQ: RIVN) hasn't minted any new millionaires since its IPO in Nov. 2021. The EV maker went public at $78 per share, but it now trades at about $15. Its stock plummeted as it struggled to ramp up its production and racked up steep losses. From 2023 to 2025, Rivian's total vehicle deliveries dropped from 50,122 to 42,247 as it struggled with supply chain bottlenecks, macro headwinds, and fierce competition. But could its newest vehicle -- the R2 SUV -- finally end that slowdown and drive its stock to deliver millionaire-making gains over the next few years? Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Image source: Rivian. Why 2026 could be a turning point for Rivian The R2 is significantly cheaper than Rivian's R1T pickup and R1S SUV. It expects its lower price tag to expand its total addressable market while boosting its per-vehicle gross margins, since the R2 costs less to manufacture than its higher-end predecessors. Rivian expects its deliveries to soar to 65,000-67,000 vehicles this year, with the R2 accounting for about 20,000-25,000 of that total. If it achieves that goal, analysts expect its revenue to surge 38% to $7.5 billion this year and 60% to $11.9 billion in 2027. With a market cap of $22.5 billion, Rivian trades at less than two times next year's sales -- so any good news could cause its stock to double or triple. Over the long term, it could deliver millionaire-making gains as it ramps up its production of the R2 and launches new vehicles. Should you buy stock in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rivian Automotive wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $435,803 !* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,334,577 !* Now, it’s worth noting Stock Advisor’s total average return is 966 % — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor , and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of September 2, 2026. Leo Sun has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .

Rivian’s stock has dropped more than 80% since its public debut.

But it looks undervalued relative to its long-term growth potential.

Rivian (NASDAQ: RIVN) hasn't minted any new millionaires since its IPO in Nov. 2021. The EV maker went public at $78 per share, but it now trades at about $15. Its stock plummeted as it struggled to ramp up its production and racked up steep losses.

From 2023 to 2025, Rivian's total vehicle deliveries dropped from 50,122 to 42,247 as it struggled with supply chain bottlenecks, macro headwinds, and fierce competition. But could its newest vehicle -- the R2 SUV -- finally end that slowdown and drive its stock to deliver millionaire-making gains over the next few years?

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

The R2 is significantly cheaper than Rivian's R1T pickup and R1S SUV. It expects its lower price tag to expand its total addressable market while boosting its per-vehicle gross margins, since the R2 costs less to manufacture than its higher-end predecessors.

Rivian expects its deliveries to soar to 65,000-67,000 vehicles this year, with the R2 accounting for about 20,000-25,000 of that total. If it achieves that goal, analysts expect its revenue to surge 38% to $7.5 billion this year and 60% to $11.9 billion in 2027.