Rivian (Value Destruction)
Rivian IPO'd at $150B — briefly worth more than Ford and GM. The stock fell 90% as production couldn't match hype.
2009 → 2024
$10B+
EV/Automotive
USA
IdeaProof AI Failure Score
Full Analysis
Rivian went public in November 2021 at a stunning $150B valuation — briefly making it more valuable than Ford or GM despite producing fewer than 1,000 vehicles. The company raised $10B+ through its IPO and subsequent offerings. But production ramp was painfully slow: supply chain issues, quality problems, and the reality that automotive manufacturing is hard. Rivian lost $5.4B in 2022 alone. While still operating, the company's stock fell 90%+ from its IPO peak, destroying over $100B in shareholder value.
Could This Failure Have Been Prevented?
IdeaProof's AI validates market demand, competitive positioning, and business model viability in minutes — catching the exact issues that sank Rivian (Value Destruction).