Rivian‘s (NASDAQ: RIVN) earnings report was a disappointment to a variety of buyers. The corporate does not count on to extend shipments in 2024 and can burn by means of billions extra in money.
On this video, Travis Hoium reveals why it is a worse report than it seems on the floor and that Rivian is now in deep trouble.
*Inventory costs used have been end-of-day costs of Feb. 21, 2024. The video was printed on Feb. 22, 2024.
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Travis Hoium has positions in Common Motors. The Motley Idiot has positions in and recommends Tesla. The Motley Idiot recommends Common Motors and recommends the next choices: lengthy January 2025 $25 calls on Common Motors. The Motley Idiot has a disclosure policy. Travis Hoium is an affiliate of The Motley Idiot and could also be compensated for selling its companies. In the event you select to subscribe by means of their link they’ll earn some more money that helps their channel. Their opinions stay their very own and are unaffected by The Motley Idiot.
After Earnings Disaster, Rivian Is in Serious Trouble was initially printed by The Motley Idiot
