Rivian‘s (NASDAQ: RIVN) earnings report was a disappointment to loads of investors. The company doesn’t expect to increase shipments in 2024 and might burn through billions more in money.
On this video, Travis Hoium shows why it’s 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 Idiot has positions in and recommends Tesla. The Motley Idiot recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Idiot has a disclosure policy. Travis Hoium is an affiliate of The Motley Idiot and ought to be compensated for promoting its services. If you resolve to subscribe through their link they could earn some extra money that supports their channel. Their opinions remain their very own and are unaffected by The Motley Idiot.
After Earnings Disaster, Rivian Is in Serious Trouble was originally published by The Motley Idiot