Rivian Stock Hits Record Low: News Noodles Getting Worse

After a major competitor lowered the price of its electric trucks, theRivian Corporation （Nasdaq ResonanceStock Code(RIVN)Rivian's stock hit an all-time low on Wednesday. It's not clear how Rivian will cope with its already negative margins and the fact that it's burning money every quarter. In this interview, Travis Hoium describes the company's biggest challenges.

*Stock prices used are the April 11, 2024 closing prices. The newsletter was published on April 11, 2024

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Travis Hoium owns shares of General Motors Company.The Motley Fool has a position in Tesla.The Motley Fool recommends General Motors and recommends the following options:General Motors January 2025 $25 Call Options Long.The Motley Fool has a disclosure policy.Travis Hoium is an affiliate of The Motley Fool and may receive compensation for promoting its services.The Motley Fool has a disclosure policy. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may receive compensation for promoting their services. If you choose to subscribe through their link, they will earn some extra money to support their channel. Their views are their own and are not influenced by The Motley Fool.

Rivian Stock Hits Record Low: News Noodle Gets Worse was originally published by The Motley Fool.