Rivian should be worried about this company ramping up production so quickly.
Rivian (RIVN 1.85%) has been ramping up production quickly, but not fast enough for most investors. And a big competitor is now going to make more than three times as many electric vehicles (EVs) as Rivian in 2023, which could be trouble. Travis Hoium digs into the trends in this video.
*Stock prices used were end-of-day prices of April 5, 2023. The video was published on April 8, 2023.
Travis Hoium has positions in General Motors and Rivian Automotive. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. 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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