5 Best Robinhood Stocks Under $20 to Buy Now

4. Rivian Automotive Inc (NASDAQ:RIVN)

Stock Price: $16.30

Number of Hedge Fund Holders: 45

Stock Upside Potential: 13.42%

Rivian Automotive Inc (NASDAQ:RIVN) is among the best Robinhood stocks under $20 to buy now. On May 28, the US auto safety regulator, the NHTSA, said it is evaluating nearly 115,000 Rivian vehicles following reports about the potential issues with the rear toe link. This probe is focused on Rivian’s R1S and R1T models.

According to the NHTSA, two Rivian drivers reported that the left-rear toe link on their vehicles separated while driving. This resulted in a loss of steering control as the vehicles swerved ​across multiple lanes, leading to a collision in one incident.

Rivian believes that the part in question is operating as intended. Still, the company is cooperating with the regulator in the probe. The NHTSA is initially conducting a preliminary evaluation of the vehicles, which involves assessing the sensitivity of the toe link joint to road and service conditions. Additionally, the regulator will evaluate Rivian’s toe link ​repair procedure.

This probe comes when Rivian is working to expand its product lineup. Deliveries of the company’s all-new R2 model, a mid-size all-electric SUV, are set to start in Spring 2026. While the probe creates a regulatory overhang, Rivian’s inclusion rests more on its upcoming R2 launch and longer-term EV growth prospects.

Rivian Automotive Inc (NASDAQ:RIVN) is an American electric vehicle company. Its products include an all-electric SUV under the R1S brand, an all-electric pickup truck under the R1T brand, and an all-electric delivery van under the Rivian EDV brand. The company is expanding its portfolio with new models, including the R2 SUV model.