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Rivian's operations are a mess, and losing the $7,500 tax credit wouldn't help.
Rivian (RIVN -2.78%) stock is on fire recently, but the company's operations are still burning billions in cash each year. Now there are rumors that the $7,500 tax credit will end under the Trump administration. Travis Hoium covers the potential impact in this video.
*Stock prices used were end-of-day prices of Dec. 16, 2024. The video was published on Dec. 17, 2024.
Travis Hoium has no position in any of the stocks mentioned. 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.
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