Rivian (RIVN +1.26%) has been under pressure from other electric vehicle rivals and a struggling auto market all year, so management is focusing on reducing costs and building out a new lower-cost vehicle line to compete in the future. And investors recently got some insights into what to expect from the company in 2024 and when the R2 line is expected.
In this video, Travis Hoium discusses the latest and what the investing takeaways are.
*Stock prices used were end-of-day prices of Dec. 5, 2023. The video was published on Dec. 6, 2023.
