EV Merger Ahead? Why GM Should Buy Rivian Today
Rivian's (NASDAQ: RIVN) financials are a mess. The company is burning billions in cash and can't sell vehicles profitably. Within a year, it will need to raise money to build its next manufacturing facility and still won't be generating cash.
A company flush with cash is General Motors (NYSE: GM), which has struggled in the EV market. In this video, Travis Hoium shows why these are a perfect match for a merger.
*Stock prices used were end-of-day prices of Feb. 21, 2024. The video was published on Feb. 22, 2024.
Source Fool.com
General Motors Corp Stock
€41.67
0.170%
Currently there is a rather positive sentiment for General Motors Corp with 32 Buy predictions and 5 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 10.39% for General Motors Corp compared to the current price of 41.67 €.
