Rivian (RIVN) Will Continue To Weather The Storm After Earnings

Rivian (RIVN) is still on path to its target of 50K deliveries in 2023, notes Steve Westly. He and Kevin Horner discuss RIVN. Steve notes that RIVN has enough cash on hand to weather the storm and find new investors. They talk about RIVN's most recent earnings report. Its 1Q revenue came in at $661.00M versus an estimated $686.82M. RIVN's 1Q deliveries totaled 7,946 and production totaled 9,395. Kevin breaks down some of the technical trends to watch in RIVN. They then go over E.V. stocks to keep on your radar, including Tesla (TSLA), Lucid (LCID), Fisker (FSR), and Nio (NIO). Kevin also mentions that RIVN has a long way to go in its attempt to return to IPO price levels. Tune in to find out more about the stock market today.