HomeTechVehicles & TransportationRivian (RIVN) Burning Through Cash, Profitability In 2024?

Rivian (RIVN) Burning Through Cash, Profitability In 2024?

The Rivian (RIVN) stock price was down significantly today after convertible bond offering and sales guidance. Is Rivian still trying to prove a concept? The EV maker plans to raise $1.5B. Unconverted Rivian notes will mature in October, 2030. How is the RIVN stock price performing since the IPO? Alex Coffey and Jenny Horne weigh in on whether Rivian will be profitable in 2024.

Next Gen Investing

05 Oct 2023

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