The future was looking bright for Rivian as they launched their eagerly anticipated IPO where the stock price surged from $74 to $179 in just a few days of trading. A $13B market cap was powered by the promise of delivering EV vehicles to consumers, producing vans for Amazon and also to partner with car manufacturer giants Ford to create an EV SUV.

The bad news came when Amazon showed concerns over the build camera quality inside the vehicles and Ford all of a sudden decided to walk away from their partnership and the idea of building an industry leading SUV together. Ford does continue to own stock in Rivian so perhaps the story doesn’t end there for the pair.

Image courtesy of Finance.Yahoo.com

Currently trading at $111 it is hard to judge if this is a good or bad investment. If they continue to get snubbed this stock could take a tumble to new lows but if the rumours are true of rental companies lining up to stock their vehicles then the future could be very bright for Rivian and investors alike.