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Rivian's Problems Are Bigger Than EV Slowdown

Rivian's business model has become problematic because the company can't scale production effectively.

By Travis Hoium – Sep 18, 2024 at 9:08AM EST

The electric vehicle (EV) market isn't growing like it was a few years ago, but that's not the only headwind Rivian (RIVN +3.13%) is facing. The company has a cost structure that's out of line with its production and will need to turn to the market for cash before the R2 launches. In this video, Travis Hoium shows Rivian's financial challenge today.

*Stock prices used were end-of-day prices of Sept. 16, 2024. The video was published on Sept. 16, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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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.

Stocks Mentioned

Rivian Automotive Stock Quote
Rivian Automotive
NASDAQ: RIVN
$15.33
(+3.13%)+$0.47
Ford Motor Company Stock Quote
Ford Motor Company
NYSE: F
$11.72
(+0.39%)+$0.05
General Motors Stock Quote
General Motors
NYSE: GM
$72.86
(+0.65%)+$0.47
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$395.74
(+1.16%)+$4.54

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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