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Rivian says it will get to industry-leading margins, but that may not be possible.
Rivian (RIVN 1.17%) reported another massive loss in the second quarter but reiterated a goal of reaching 25% gross margins and 10% free cash flow margin. Is that possible? Travis Hoium digs into the numbers in this video.
*Stock prices used were end-of-day prices of Aug. 7, 2024. The video was published on Aug. 7, 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.
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