Rivian isn't profitable, but it's in the right market at the right time to be a big winner for investors.
Rivian (RIVN 5.22%) has been on a wild ride since going public, but it's looking more appealing than ever. Production is up, expansion plans are in place, and the company has over $12 billion in cash on the balance sheet. Travis Hoium and Jon Quast discuss the company and its prospects in this video.
*Stock prices used were end-of-day prices of Jan. 12, 2023. The video was published on Jan. 13, 2023.
Jon Quast has no position in any of the stocks mentioned. Travis Hoium has positions in General Motors and Rivian Automotive and has the following options: long March 2023 $83.33 puts on Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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