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Rivian's cash problems may have gotten worse today.
Rivian's (RIVN 6.10%) biggest challenge right now is cash. The company's cash burn is unsustainable while building out R2 and R3 capacity, which is why management announced reduced capital expenditures in Georgia.
But that's not good news either because it likely doesn't get the company to profitability. Travis Hoium digs into what we know now in the video below.
*Stock prices used were end-of-day prices of March 7, 2024. The video was published on March 7, 2024.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
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