Can the New R2 Save Rivian?

By Travis Hoium – Mar 5, 2024 at 8:02AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$9B

Today's Change

(6.10%) $0.52

Current Price

$9.04

Price as of April 26, 2024, 4:00 p.m. ET

Rivian has big plans for the R2 but may not have enough money to build it.

Rivian (RIVN 6.10%) is unveiling the R2, its next-generation vehicle, this week, and a lot is riding on the launch. A $5 billion plant in Georgia will construct the vehicle and, if successful, could drive Rivian to profitability in the electric vehicle (EV) market.

In this video, Travis Hoium shows why getting from here to there is much easier said than done and may require billions in new capital.

*Stock prices used were end-of-day prices of March 3, 2024. The video was published on March 4, 2024.

Travis Hoium has positions in General Motors. 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.