Rivian‘s (NASDAQ: RIVN) earnings report was a disappointment to a lot of investors. The company doesn’t expect to increase shipments in 2024 and will burn through billions more in cash.
In this video, Travis Hoium shows why this is a worse report than it appears on the surface and that Rivian is now in serious trouble.
*Stock prices used were end-of-day prices of Feb. 21, 2024. The video was published on Feb. 22, 2024.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. 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.
After Earnings Disaster, Rivian Is in Serious Trouble was originally published by The Motley Fool
