Should Rivian Investors Be Worried?
Rivian stock was down 25% after their recent earnings report. Is RIVN a "buy the dip" opportunity, or a falling knife? We'll look at Rivian's earnings and see what progress they're making on improving their gross margins which are currently negative. We'll also talk about their cash balance and survivability. While Rivian isn't likely to go bankrupt tomorrow, they're also not thriving. Turns out electric trucks are pretty damn expensive to produce, and it's hard to convince people to shell out $70,000 to buy one when interest rates are historically high. Stay informed with our free disruptive…
The skinny
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