Rivian is growing very fast, even if the “influential” electric vehicle maker’s stock has not reflected that growth. Rivian’s workforce more than tripled last year, while Tesla’s grew by about 40%, Ford’s fell nearly 2%.
Rivian Automotive Inc. is growing very fast, even if the “influential” electric vehicle maker’s stock has not reflected that growth.
That might pale in comparison to EV leader Tesla Inc. TSLA, -1.50% at 99,290, to Ford Motor Co. F, -2.08% at 183,000 and to General Motors Co. GM, -3.27% at 157,000. But Rivian’s workforce more than tripled last year, while Tesla’s grew by about 40%, Ford’s fell nearly 2% and GM’s inched up a little over 1%.
Meanwhile, the company delivered a total of 920 EVs in 2021, with nearly all of those — 909 — delivered in the fourth quarter.That growth came at a price. Rivian’s stock has underperformed the shares of rival companies by a wide margin. In comparison, Tesla’s stock has gained 3.1% year to date, Ford’s is down 17.6% and GM’s has lost 24.3%. The S&P 500 index SPX, -1.57% has slipped 3.8% this year.
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