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Tough News for Rivian Stock and Tesla Stock Investors

Rivian burned through over $1 billion in three months, and Tesla is cutting prices again.

By Parkev Tatevosian, CFA – Oct 9, 2023 at 4:30AM EST

Fool.com contributor Parkev Tatevosian discusses the latest developments from Rivian (RIVN +0.28%) and Tesla (TSLA +3.93%) and what they could mean for shareholders.

*Stock prices used were the afternoon prices of Oct. 6, 2023. The video was published on Oct. 7, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Tesla Stock Quote
Tesla
NASDAQ: TSLA
$427.99
(+3.93%)+$16.20
Rivian Automotive Stock Quote
Rivian Automotive
NASDAQ: RIVN
$14.22
(+0.28%)+$0.04

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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