Rivian shares have plummeted 41% in 2024 as the EV startup is looking to challenge Tesla, Ford, General Motors and other autos with its adventure-styled electric vehicles. RIVN advanced 1.4% to 14.02 during market trade on Monday. Rivian shares have also advanced around 35% since the U.S. Department of Energy on Nov. 25 announced the EV startup would receive a loan up to $6.6 billion.