Rivian (RIVN 6.10%) has been a promising electric vehicle company since coming to public markets, but it's run into a consistent problem. Operations are burning through money, and to get to cash-flow positive the company likely needs to build another manufacturing plant.
In this video, Travis Hoium goes over the company's cash burn and why it's now going back to debt markets to raise cash to fund operations for the next few years and build a new plant.
*Stock prices used were end-of-day prices of Oct. 11, 2023. The video was published on Oct. 13, 2023.
