Rivian Automotive (NASDAQ: RIVN) stock has sharply underperformed in 2026, declining by around 28% since the start of the year.
And this can be explained by its huge losses and uncertainty about the EV industry as a whole after the Trump administration pulled government support
That said, with a price tag of just $15, Rivian is now a far cry from its peak of $172 reached in late 2021. And this is sure to attract the attention of deal-hungry investors. Let’s dig deeper to decide if the dip is a buying opportunity or a sign to stay far away from the struggling automaker.
The macroeconomic situation remains complex The U.S. EV market is down but not out. Last year, the U.S. government pulled back incentives such as a $7,500 tax credit for new purchases, and eased tailpipe emission standards for internal combustion engine (ICE) vehicles.