Rivian Automotive Inc. (RIVN) is an electric vehicle (EV) company that designs, develops, manufactures, and markets EVs for commercial and retail customers. The company offers SUVs, trucks, and vans under two categories. First is the R1, which includes two-row and five-row passenger pickup trucks; and second is the R1S, which includes a seven-row passenger SUV. Founded in 2009, the company is headquartered in Irvine, California, and has a market cap of $8.64 billion. Like many other EV stocks, Rivian stock has been struggling in 2024. RIVN has crashed 63% since the start of the year, and trade…