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Rivian may not be making SUVs in Georgia anytime soon.
Rivian (RIVN -4.95%) is struggling with its production and just announced a new plant will be delayed for longer than expected. The challenge is getting dire because Rivian will run out of cash without some massive capital raises soon. In this video, Travis Hoium shows exactly why Rivian needs to raise about $10 billion to get its next plant off the ground.
*Stock prices used were end-of-day prices of Oct. 7, 2024. The video was published on Oct. 7, 2024.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. 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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