Rivian Stock Hits All-Time Low: News Goes From Bad to Worse

By Travis Hoium – Apr 13, 2024 at 6:09AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$9B

Today's Change

(3.76%) $0.34

Current Price

$9.38

Price as of April 29, 2024, 4:00 p.m. ET

Rivian is going to have a hard time digging out of this hole.

Rivian's (RIVN 3.76%) stock hit an all-time low on Wednesday after a big competitor cut electric truck prices. It's unclear how Rivian can respond with margins already negative and cash being burned every quarter. In this video, Travis Hoium covers the company's biggest challenges.

*Stock prices used were end-of-day prices of April 11, 2024. The video was published on April 11, 2024.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. 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.