Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher by 6.68% to $15.33 during Monday's session. The stock has gained some 11% since last Wednesday's session after Benchmark analyst Mickey Legg initiated coverage with a Buy rating and an $18 price target.

Goldman Sachs also predicts significant advancements in autonomous vehicles by 2030, with Level 3 AVs comprising 10% of new vehicle sales and over 2 million fully autonomous Level 4/5 vehicles sold annually.

The firm maintained Neutral ratings for Tesla Inc and Rivian, citing Tesla's robotaxi plans and regulatory challenges, alongside Rivian's potential to monetize its Autonomy+ driver-assist platform.

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What To Know: Analyst Mickey Legg expressed optimism about Rivian's ability to capture significant EV market share. Per Barron's, Legg highlighted expected domestic EV production growth starting in 2025, driven by lower prices and improved charging infrastructure.

Rivian offers the high-end R1T truck and R1S SUV, both starting around $70,000~ and plans a $45,000 R2 SUV in 2026 to compete with Tesla's Model Y. A cheaper R3 crossover is also planned.

Though unprofitable, Rivian produced 13,157 vehicles in the third quarter and forecasts over 50,000 annual deliveries. With $6.7 billion in cash and a Volkswagen partnership, investors await its next moves.

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How To Buy RIVN Stock

By now you're likely curious about how to participate in the market for Rivian Automotive – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, RIVN has a 52-week high of $24.62 and a 52-week low of $8.26.