Why Rivian Should Sell Itself Before It's Too Late

By Travis Hoium – May 27, 2023 at 6:15AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$8B

Today's Change

(-3.62%) -$0.32

Current Price

$8.52

Price as of April 25, 2024, 4:00 p.m. ET

Rivian is headed down an unsustainable path and needs to find a way forward before running out of cash.

Rivian (RIVN -3.62%) is burning cash quickly and may not survive as a stand-alone company at this rate. One option is to sell to another company, and in this video Travis Hoium explains why there could be interest from some established companies.

*Stock prices used were end-of-day prices of May 19, 2023. The video was published on May 22, 2023.

Travis Hoium has positions in General Motors and Rivian Automotive. The Motley Fool has positions in and recommends Tesla. 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.