Rivian Has a Huge Problem on Its Hands

By Travis Hoium – May 9, 2024 at 5:30AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$10B

Today's Change

(-2.10%) -$0.22

Current Price

$10.28

Price as of May 20, 2024, 4:00 p.m. ET

Rivian is burning cash and may be years away from a significant recovery.

Rivian (RIVN -2.10%) 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.

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.