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Can the New R2 Save Rivian?

TheMotleyFool

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Can the New R2 Save Rivian?Photo, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

Rivian (NASDAQ: RIVN) is unveiling the R2, its next-generation vehicle, this week, and a lot is riding on the launch. A $5 billion plant in Georgia will construct the vehicle and, if successful, could drive Rivian to profitability in the electric vehicle (EV) market.

In this video, Travis Hoium shows why getting from here to there is much easier said than done and may require billions in new capital.

*Stock prices used were end-of-day prices of March 3, 2024. The video was published on March 4, 2024.

Source Fool.com