Rivian Has a Huge Problem on Its Hands – MASHAHER

ISLAM GAMAL9 May 2024Last Update :
Rivian Has a Huge Problem on Its Hands – MASHAHER


Rivian (NASDAQ: RIVN) updated investors on its progress in turning the company’s Normal, Illinois plant into a more efficient operation, but the cash burn has to have investors concerned. With more investment ahead and the R2 launch still two years away, Rivian is walking a tightrope financially. Travis Hoium covers the results and his concerns in this video.

*Stock prices used were end-of-day prices of April 7, 2024. The video was published on May 8, 2024.

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Rivian Has a Huge Problem on Its Hands was originally published by The Motley Fool


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