Rivian‘s (NASDAQ: RIVN) earnings report was a disappointment to a number of buyers. The corporate does not count on to extend shipments in 2024 and can burn via 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 had 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 Normal Motors. The Motley Idiot has positions in and recommends Tesla. The Motley Idiot recommends Normal Motors and recommends the next choices: lengthy January 2025 $25 calls on Normal Motors. The Motley Idiot has a disclosure coverage. Travis Hoium is an affiliate of The Motley Idiot and could also be compensated for selling its companies. In case you select to subscribe via their hyperlink they may earn some extra cash that helps their channel. Their opinions stay their very own and are unaffected by The Motley Idiot.
After Earnings Catastrophe, Rivian Is in Critical Hassle was initially printed by The Motley Idiot