Rivian‘s (NASDAQ: RIVN) earnings report was a disappointment to loads of traders. The corporate would not anticipate to extend shipments in 2024 and can burn by billions extra in money.
On this video, Travis Hoium reveals why this can be a worse report than it seems on the floor and that Rivian is now in deep trouble.
*Inventory costs used have been end-of-day costs of Feb. 21, 2024. The video was printed on Feb. 22, 2024.
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Travis Hoium has positions in Basic Motors. The Motley Idiot has positions in and recommends Tesla. The Motley Idiot recommends Basic Motors and recommends the next choices: lengthy January 2025 $25 calls on Basic Motors. The Motley Idiot has a disclosure coverage. Travis Hoium is an affiliate of The Motley Idiot and could also be compensated for selling its providers. If you happen to select to subscribe by their hyperlink they’ll earn some extra cash that helps their channel. Their opinions stay their very own and are unaffected by The Motley Idiot.
After Earnings Catastrophe, Rivian Is in Severe Bother was initially printed by The Motley Idiot
