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Summary: Rivian (NASDAQ: RIVN) is a publicly traded company that’s one of the leading manufacturers of electric vehicles. One of the most convenient ways to buy Rivian stock is through reputable brokerage platforms, such as eToro and Interactive Brokers.
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About Rivian
Rivian Automotive, Inc. (NASDAQ: RIVN) is an American electric vehicle manufacturer and automotive technology company founded in 2009 based in Irvine, California. The company produces the R1T pickup trucks and the R1S sports utility vehicles (SUVs), as well as electric delivery vans for Amazon (NASDAQ: AMZN), their largest stockholder.
Rivian IPO
Rivian became a publicly-traded company through an initial public offering (IPO) in November 2021, selling 153 million shares at an initial share price of $78, raising $12 billion and valuing the company at $66.5 billion, making it the seventh largest U.S. IPO on record.
The Rivian stock symbol is RIVN, and it trades on the NASDAQ exchange. You can acquire Rivian stock via multiple brokers, which we will overview later in this guide.
The bulk of Rivian stock (63%) is owned by institutional investors. The largest shareholder is Amazon, which holds a 17.29% stake in the company.
How to buy Rivian stock: Step-by-step
Rivian is a publicly traded company, meaning you can buy Rivian stock through a broker. The steps involved in purchasing RIVN shares are outlined in the following section in detail.
Step 1: Choose a broker
To buy Rivian stock online, you’ll need a brokerage account. To securely invest in Rivian and buy RIVN stock, consider these brokers:
1. eToro
- Commission-free stock trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
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eToro USA is registered with FINRA for securities trading.
2. Interactive Brokers
- Commission-free stock trading;
- Global stock-trading on 90+ market centers;
- Fractional shares available;
- Extra income on fully paid shares;
- Lowest financing rates for margin accounts in the industry;
- No account minimum.
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IBKR pays up to 4.58% interest on cash balances of $10k or more
There are several platforms available, but the right one will depend on your investment style (long-term buy-and-hold strategy or active day trading) and needs (e.g., whether you want to trade more advanced financial products such as options). When evaluating brokers, consider the following features:
- Fees: Brokerage fees is a type of fee collected by brokers to execute your transactions or provide specialized services. However, today, the vast majority of online brokers offer commission-free stock and exchange-traded funds (ETF) trading;
- Security: Pick a reliable broker by ensuring it is fully licensed by state regulatory authorities as well as FINRA and registered with the Securities and Exchange Commission (SEC);
- Trading tools: Active traders may want more out of their brokerage accounts. Some brokers offer fully customizable platforms with comprehensive analysis tools or access to additional data for an extra cost. If such additions are unnecessary for your purposes, avoid paying extra for them. It’s usually a good idea to look for an easy-to-use platform with a competitive fee structure if you are new to stock trading. A dedicated section with investing tips and tricks is a bonus;
- Access to market data: You should search for a platform that gives you access to solid market research and reporting tools to help you trade confidently with updated data;
- Fractional stock trading: Fractional shares allow investors to buy stock or ETFs by the dollar amount instead of the number of shares; particularly helpful for investors who don’t have limited capital but want to build a diversified portfolio or are looking to set up a dollar-cost averaging strategy.
Step 2: Fund your account
Once you have selected a broker, the next step is funding your trading account. Remember, it can sometimes take up to three days for the funds to be deposited.
Step 3: Research the company
When investing your money in the market, doing your research is crucial. If you want to buy Rivian stock, keep an eye out for the current Rivian stock price, as well as past price data, overall valuation, and company announcements regarding new launches or relevant news stories.
The best place to start your research on a stock is to go through its public filings with the SEC. For example, Rivian annual and quarterly reports can be accessed directly from the SEC website, providing a comprehensive overview of the company’s financials. In addition, letters to shareholders can be found on Rivian’s investor relations page, and recent press releases are shown on Newsroom.
If you’re relatively new to investing or have a low tolerance for risk, there may be better choices than a new company like Rivian for your portfolio. On the other hand, if you genuinely believe in the company’s mission and are okay with weathering the ups and downs of a young company, then buying in early could be the right choice for you.
Step 4: Decide how much you want to invest
After you’ve done your research and determined that Rivian is the right stock for you, you’ll need to decide how much you want to invest.
The amount of money you invest ultimately depends on the price and number of shares you want to buy. If the share prices of stocks you’re interested in are financially out of reach, you can also explore fractional shares. Fractional shares allow you to purchase a portion of a stock instead of the full share.
Because investing can have unpredictable returns, it’s crucial only to invest what you can afford to lose and to be mindful of your risk appetite.
Step 5: Place your order and buy Rivian stock
Once you decide on the number of shares or the dollar amount you’d like to purchase, you can place your order. If you’re working with an advisor, tell them you’d like to buy Rivian stock and how much you can invest, and they’ll do it on your behalf. If you’re using a brokerage account, simply log in and enter the ticker symbol RIVN in the search bar.
There are a few different execution options to choose from, including:
- Market order: A market order is an order to buy the stock at the current market price that is generally executed immediately (subject to availability);
- Limit order: A limit order is processed once the stock reaches your specified price. For example, imagine you want to buy Rivian stock at $23 or lower. You would then set the limit price at $23, and the order will only execute when the stock reaches the set price or lower.
Step 6: Monitor your investment
While “set it and forget it” is a solid strategy for a diversified portfolio of ETFs, for single stocks like Rivian, investors should keep a close watch on press releases, company health indicators such as debt and revenue, industry performance as well as overall market conditions. Then, depending on your financial goals, use that knowledge to reassess whether it’s best to hold onto the stock or sell it.
You may also want to track competitors’ performance in the EV space, such as Tesla (TSLA) and Lucid Motors (LCID). Comparing Tesla vs Rivian vs Lucid stock, Tesla has indeed taken the lead in the market; however, Rivian and other EV companies are starting to prove good competition.
Rivian stock price today
Should I buy Rivian stock?
Besides looking at Rivian’s fundamentals, you can use technical analysis to evaluate the company and identify trading opportunities in price trends and patterns seen on charts.
This gauge displays a real-time technical analysis overview for your specified timeframe. It can be a valuable technical analysis tool for many traders by simplifying trading decisions by demonstrating the real-time recommendations of popular technical indicators such as moving averages and oscillators.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Common mistakes to avoid when investing in stocks
Mistakes are expected when investing in stocks but can be avoided if you recognize them. For an in-depth guide on investing mistakes, we have compiled a list of 17 common mistakes and tips for preventing them. But, for now, let’s list some of the most typical ones:
- Not performing your due diligence on the stock;
- Having unclear financial goals;
- Attempting to time the market;
- Failing to diversify;
- Letting your emotions rule the investment decision-making process.
How to sell Rivian stock?
If Rivian stock you invested in is performing differently than you’d expected or you’ve reached the financial goal you set when you first invested in the company, selling your shares is easy.
If you’re working with an advisor, they can create a sale order for you. However, if you have your own broker account, you can simply log on, navigate to the stock’s detail page, input the number of shares or dollar amount you want to offload, and tap sell.
Pros and cons of buying Rivian stock
All investments carry a degree of risk. Despite powerful backers and high levels of buzz, there are some potential concerns about Rivian stock.
Pros
- Big backers: Rivian has some powerful backers, including Amazon, which owns around 17% of the company, and Ford, which has a roughly 1.5% stake;
- A growing EV market: As the world moves towards more sustainable options, the auto industry will also experience a significant shift towards electric. For example, last year, the U.S. electric vehicle (EV) market experienced significant growth, with over 1.3 million combined battery electric vehicles and plug-in hybrids sold. This represented a remarkable 52% increase from the previous year.
Cons
- Technical issues with cars: Rivian has had a few instances of recalls of vehicles, most recently (October 2022) of almost 13,000 electric pickups, vans, and SUVs;
- No dividends: Rivian does not pay dividends to its stockholders;
- The stock has plummeted since IPO: The shares of Rivian have lost over 70% (at the end of last year) of their value from their IPO price amid intense cost pressures and struggles to ramp up production;
- Fierce competition: While Tesla has dominated the EV market, many new products will be entering the market simultaneously with Rivian’s offerings;
- The target market may not be ready: Rivian targets the SUV and pickup truck market, while other EV makers have rolled out sedans first. Buyers of these types of vehicles could be less receptive to EVs;
- Expensive product: The starting price for an R1T pickup truck is $73,000.
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In conclusion
Since entering the stock market in November 2021, Rivian has yet to live up to the hype, shedding well over half of its value since the IPO.
However, Rivian stock presents an intriguing investment opportunity, particularly in these early days. If you’re willing to take on some risk, investing in Rivian could prove lucrative, as the company is expected to revolutionize the automotive industry with its EVs, breaking into markets largely untapped.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Rivian stock
What is Rivian?
Rivian is a manufacturer of electric vehicles and EV accessories. The company produces five-passenger pickup trucks and sports utility vehicles, as well as electric delivery vans in collaboration with Amazon.
Who owns Rivian?
According to Nasdaq data, Rivian is owned by 63% of institutional shareholders. Amazon holds the most significant stake at around 17%.
Can you buy stock in Rivian?
Yes, Rivian is a public company and its stock is available for purchase for the investing public.
How to invest in Rivian?
The best way to invest in Rivian is to buy Rivian stock. You can do so at different online investing platforms.
How to buy Rivian stock?
Rivian went public through an IPO in November 2021, and its stock is available on the NASDAQ exchange under RIVN, which means you can buy shares of Rivian through your brokerage account.
Is Rivian a good stock to buy?
Whether the stock is a suitable investment for you should be based on your risk tolerance, portfolio size, and financial goals, as well as your experience in the markets. Rivian could have high potential as it continues to ramp up production with the backing of Amazon. But it remains a high-risk growth stock with other competitors currently ahead of them. So always conduct your due diligence before trading. Note that past performance doesn’t guarantee future returns.
Where to buy Rivian stock?
You can buy Rivian stock at various online brokers such as Interactive Brokers (IBKR) and eToro.
Do I need a brokerage account to buy Rivian stock?
You will need a brokerage account like eToro to purchase Rivian stock. A brokerage account serves as the platform through which you can buy, sell, and manage your stock investments.
Does Rivian have a stock dividend?
Rivian does not pay a dividend on its stock.
Should I Invest in Rivian or Lucid Stock?
Rivian and Lucid, both making strong market debuts in 2021, have faced challenges since. Indeed, despite initial hype, their stocks have fallen due to unmet expectations. Now, as they focus on boosting production and sales, there’s potential for these stocks to recover. Investors should consider each company’s current strategy and future potential to determine which stock might be a better buy.
Will Rivian survive long-term?
Rivian appears well-positioned to navigate long-term challenges in the electric vehicle market. This optimism is driven by its strong product offerings, notably the R1T pickup, and its solid financial foundation, bolstered by substantial cash reserves and Amazon’s backing. These factors contribute to Rivian’s potential for long-term survival and success in the EV industry.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
