How to buy Rivian Automotive shares (RIVN)

By:

Charlie Hancox

Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow Crux Investor into the fastest-growing... read more.

Updated: Jul 6, 2023

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This page explains everything you need to know about Rivian and the electric vehicle (EV) market more broadly. Read on to find out how to invest in the company and compare the best places to do so.

Compare the best Rivian Automotive trading platforms

To help point you in the right direction, we have listed the best places to buy Rivian Automotive stock online. Click on one of the links to sign up, or scroll down to learn more about investing and the company itself.

Most Popular

1

Min. Deposit

$ 10

Best offer

User Score

10

Up to $240 bonus!

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

Start Trading more info

Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

77% of retail CFD accounts lose money.

2

Min. Deposit

$ 100

Best offer

User Score

9.8

Trade +2000 CFDs on Shares, Options, Commodities & more

Unlimited risk-free Demo Account

0 commissions & attractive spreads with up to 1:5 leverage

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Payment Methods:

American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill

Full Regulations:

ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3

Min. Deposit

-

Best offer

User Score

9.7

Diverse Stock Selection: Interactive Brokers offers a wide range of domestic and international stocks, providing investors with a diverse array of options for their portfolios.

Advanced Trading Tools: Investors benefit from real-time market data and advanced tools, empowering them to make informed decisions and execute trades with precision in the dynamic stock market.

Easy Portfolio Management: Interactive Brokers makes it simple to handle your investments by allowing you to easily switch between stocks and other assets on one platform, streamlining the way you manage your overall portfolio.

Start Trading more info

Payment Methods:

ACH, Bank Wire, Check

Full Regulations:

CFTC, FCA, FINRA, IIROC, NFA, NYSE, SIPC

How to buy Rivian Automotive stock, a step-by-step guide

Anyone can invest in Rivian Automotive stock, and it can be a great way to make your money work as hard as you do. Below are the 5 steps that you should follow to successfully invest in the company. 

1. Choose a broker. To get started, you need to use an online brokerage platform. There are many different options to choose from, each with its own unique benefits and drawbacks. The comparison table above can help you select the right broker for you, and you can head to our comprehensive broker reviews if you’re still unsure.
2. Create an account. Once you’ve selected your broker, simply go to their website and create an account. The steps required for this will vary from platform to platform, but generally, you can expect to have to provide your name, email address, phone number, and some form of photo identification.
3. Deposit funds. Log into your broker account and select the option to deposit funds. Depending on your broker you’ll have a variety of payment options available; most brokers accept bank transfers and debit card payments, but not all accept e-wallets such as PayPal. Select your preferred payment method and deposit the amount of money you wish to invest in Rivian Automotive shares.
4. Place an order for RIVN stock. Now navigate to the shares section on the interface of your chosen broker. Here, you can search for Rivian Automotive’s ticker symbol (RIVN) and see the current price at which the stock is trading. If you’re happy with the price, enter the number of shares you wish to purchase and place your order.
5. Execute your order. Once you have placed your order, your broker will automatically execute it for you and your Rivian Automotive shares will be listed in your account. Congratulations, you’ve just bought shares in Rivian Automotive!

What is Rivian Automotive? And should I invest?

It is an electric vehicle automaker and technology company. The company is focussed on building an electric sport utility vehicle (SUV) called R1S and a pickup truck called R1T on a ‘skateboard’ platform. This skateboard unit features a battery pack, drive units, suspension, braking and thermal system and will allow users to pick and change their vehicle’s bodies whenever they desire.

The company’s technological success has caught the attention of several major brands in recent years, with Amazon (20%) and Ford (5%) both holding significant positions in the company. Moreover, Rivian has already secured around 48,000 pre-orders for its first electric pickup and SUV in the North American market.

COVID-19 knocked the company’s production roll-out a little, but many customers are still expecting to receive their vehicles in 2022. At around $70,000, Rivian Automotive’s vehicles sit in a sweet spot beneath Tesla’s performance vehicles but above many other more budget-oriented manufacturers.

How has the company performed in recent years?

While Rivian is not yet cash-generating with zero revenue from vehicle sales, which is to be expected from an emerging EV startup. What is noteworthy is that the company has been able to raise huge amounts of capital from investors such as Amazon’s Climate Pledge Fund, Fidelity Management and Research Company, and investment firms Coatue and D1 Capital Partners.

Rivian’s financial position is extremely healthy, with several billion dollars of cash sitting on the books and providing a level of assurance for shareholders. This is a company that clearly has the cash and corporate backing to be a serious player in the coming years.

This is a company with serious ambitions and a genuine belief that it can eventually rival Tesla for the EV throne. This is courtesy of the flexibility and commercial viability of its skateboard design – Rivian Automotive won’t be limited to selling its own vehicles, it will also be able to sell skateboards to other automotive manufacturers – an added encouraging aspect of this story.

Is it a good time to buy Rivian Automotive shares now?

Before you think about investing any of your hard-earned money, make sure you take some time to familiarise yourself with the risks of purchasing shares. While investing is often irresponsibly portrayed as something of a get rich quick scheme, this couldn’t be further from the case. There will be a lot of ups and downs, and no investment is guaranteed to make you money.

One of the benefits of investing in newly public company is that getting in early can give you maximum exposure to the potential upside. Regardless, however, it is important to conduct due diligence so you understand exactly what you are getting involved in.

If you want to trade Rivian Automotive shares, you will need to pay closer attention to the technical side of matters. Make sure you read charts, look for indicators, and identify trends so you can get an idea of what price action is likely to unfold next. Below, we have provided some of the latest stock market news to help inform your investing decisions.

Buying, selling and trading shares for beginners

What to do before buying shares

You should always take the time to research a stock fully before investing your money, especially if you haven’t bought shares before. The more knowledge you have, the better your chances of making a wise investment. 

With that in mind, here’s a checklist to run through before investing in Rivian Automotive shares.

1. Research the company. You should always examine the fundamentals of a company before investing. What is Rivian Automotive? How did the company get its start? How did it grow? Is Rivian Automotive’s revenue and profit growth picking up? Is the company innovating? The more you know about Rivian Automotive, the better positioned you’ll be to make smart investment decisions.
2. Make sure you understand the basics of stock investing. Before getting involved in the stock market, make sure you have an understanding of how it works. This will ensure that you have more clearly defined goals and have thought through how you will achieve them.
3. Decide between share dealing and CFD trading. Choose the type of investment strategy you want to pursue, and make sure you have carried out the necessary fundamental or technical analysis for share dealing and CFD trading respectively.
4. Set the size of your budget. The golden rule of investing is never to risk more than you can afford to lose. Not every investment you make will result in a profit, so it is important to set a budget that not only allows good potential for capital growth, but also protects against overly damaging losses.
5. Find the right broker. Individual brokers each have their own pros and cons. Some will have low fees but have a user interface you struggle to understand, whereas others may be a bit more expensive but come with a range of features that you want to take advantage of. Our broker reviews can help you find the right platform for you.
6. Examine broader market conditions. No stock exists in a vacuum, and it’s always important to analyse the general trends of the stock market as a whole before investing. If a bear market is setting in and stock prices are falling, it’s best to wait it out and invest your money later when the stock is cheaper. If, however, the market is looking bearish, you’ll want to make your investment quickly to get the maximum benefit from rising stock prices. Our news section can help you keep on top of movements in the financial markets.

What is the difference between buying, selling, and trading shares?

If you’re new to stock investing, then it’s important to understand the basics of how to buy, sell, and trade Rivian Automotive shares. Here’s a quick run-through of what’s involved in each.

Buying Rivian Automotive

This process involves finding a broker and placing an order for Rivian Automotive stock, as outlined in the steps further up this page. Ideally, you want to time your investment when the stock’s price is low so that you can profit by selling the shares after they increase in value.

Selling Rivian Automotive

When you sell any Rivian Automotive shares you have bought, you’ll want to do so at a higher price than the one at which you bought to earn a profit. 

When you sell is up to you. You might decide to hold for the long term, hoping to benefit from the company growing steadily throughout. Or, if you see that Rivian Automotive’s stock is already up a lot compared to the price you bought it and you’ve noticed that the stock market is starting to fall, it might make sense to sell and take your profits to invest elsewhere. Equally, if the stock has fallen since you bought it and looks set to fall further, it might be a good idea to cut your losses by selling your shares.

Trading Rivian Automotive

Trading is the same process as buying and selling shares, it’s just done over shorter periods of time with the aim to make small profits on a regular basis. This means that you can make money faster and spend your profits in your day-to-day life – however, on the other side it means you can lose money faster as well. For inexperienced investors, we generally recommend making investments for at least 6 months to a year instead of making trades in quick succession.

You can trade Rivian Automotive shares outright or use CFDs. These allow investors to speculate on stock prices and trade with leverage in pursuit of bigger gains. CFDs trading is explained further in the next section, but it is worth noting that beginners should avoid trading with leverage. It comes with large risks and is best left to experienced investors.

Share dealing vs CFD trading

When it comes to investing in any stock, the two options you have are share dealing and trading. Which one of these methods to opt for largely depends on your investment timeline, with investors thinking long term tending to go for share dealing, and those looking for short term gains pursuing a more aggressive trading strategy.

Here’s a quick summary of the two approaches, and the pros and cons of each.

Share dealing 

Share dealing refers to the practice of holding shares in a particular company over the long term. When investing like this, you’re seeking to profit either from dividend payments or an increase in the stock’s price over time.

When investing your money this way, it is important to do thorough fundamental analysis of the company in which you are investing. You want to put your money in a stock you believe will trend upwards over time, even if there is some market volatility along the way, rather than get distracted by shorter term peaks and troughs.

Pros

• Can build wealth over time to achieve financial goals
• Don’t need to be very reactive to short-term market movements
• Some stocks will give you an income through regular dividend payments

Cons

• Takes a long time to realise any profits
• Your capital is tied up in stocks and cannot be used for other investments

CFD Trading 

If your aim is to generate profits in the short term, then you might be better off trading shares than holding them in your portfolio. Stock trades like this are executed using CFDs (contracts for difference), which allow investors to trade against the value of a stock without having to take ownership of it. When CFD trading, investors are looking to trade stocks fast to profit from short-term fluctuations in value.

One aspect of CFD trading that many investors find attractive is that they allow you to trade with leverage. This means you can place large trades while only putting up a fraction of the value yourself – for instance, if a platform offered leverage of 1:10, you could put £10 into Rivian Automotive shares and be able to trade £100 worth. This can maximise profits if the market moves in your favour, but be careful as it can also lead to heavy losses.

When trading using CFDs, it is key to be skilled at technical analysis and reading stock price charts. As you’re trading stocks quickly and frequently, the fundamental strength of the company in which you’re investing isn’t as important as being able to predict how its stock price will rise and fall minute-by-minute.

Pros

• Can generate fast profits if you read the market right 
• Some platforms allow you to trade with leverage
• Prevents your capital being tied up so you can take advantage of investment opportunities

Cons

• Trading with leverage is risky and can lead to big losses
• Doesn’t necessarily generate growth over the long term

Consider which approach suits you best and craft an investment strategy that works for you. If you need more information, then simply take our stock trading course and read our guide to CFD trading to get you up to speed. 

If neither of these options appeal to you, then you can find a variety of other ways to invest in Rivian Automotive stock on this page. If, however, you’re ready to get started, simply select one of the brokers in the table above.

How to choose a broker

With the wide variety of online stockbrokers available these days, it can be hard to figure out which is the best service to go with. Our comparison table and in-depth reviews can help you cut through the noise, but by and large, these are the aspects you should be considering when selecting a broker:

• Range of stocks available. The most important thing is that you can actually use the broker to purchase the shares you’re looking for. Some brokers offer more stocks than others, and many will allow you to trade other assets, such as forex and commodities.
• Fees and commissions. You want to keep as large a chunk of your profits as you can, so it’s important to make sure your broker doesn’t charge high fees that can eat into your profits.
• Regulation. You should only use regulated brokers to place trades. Unregulated brokers can be risky and offer little to no protection if the business were to fail while you had funds in your account.
• Payment methods available. You might want to use a specific payment method to invest, such as PayPal. Not all brokers accept every payment method, but by using our comparisons, you can search for the brokers that support the option you’re looking for.
• Reputation. One of the strongest indicators of a broker’s reliability is the reputation it has with the customers who have used it. Brokers are online businesses, and as such many user experiences can be found online. You can check these out in addition to our reviews to make sure you choose the right platform.
• Customer service. As you’re going to be investing your money using the platform, you want to check that the broker offers good customer service in case you have a query or something goes wrong.