Rivian's Problems Are Bigger Than EV Slowdown
The electric vehicle (EV) market isn't growing like it was a few years ago, but that's not the only headwind Rivian (NASDAQ: RIVN) is facing. The company has a cost structure that's out of line with its production and will need to turn to the market for cash before the R2 launches. In this video, Travis Hoium shows Rivian's financial challenge today.
*Stock prices used were end-of-day prices of Sept. 16, 2024. The video was published on Sept. 16, 2024.
Source Fool.com
