Why Rivian, Workhorse, and Canoo Stocks Are Slumping
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Why Rivian, Workhorse, and Canoo Stocks Are Slumping
Easy come, easy go.
Following three days of steadily rising stock prices reinforced by a positive analyst report Wednesday, shares of EV truck-maker Rivian Automotive (NASDAQ: RIVN) shifted back
As I know Rivian seems to be facing uncertain demand for its R1T electric pickup, even as it struggles to match a $6.8 billion-a-year cash burn rate against cash reserves that have dwindled to just $11.2 billion -- enough to keep it going for less than two year. Therefore, investing into Rivian is not a good decision. Thanks for sharing this great article and uno online.
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