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Rivian Has a Huge Problem on Its Hands

TheMotleyFool

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Rivian Has a Huge Problem on Its Hands: https://g.foolcdn.com/editorial/images/776548/2022-rivian-r1s.jpg

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.

Source Fool.com

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