Massive update on Rivian: Georgia timeline and a $10 billion cash problem

Rivian (NASDAQ: RIVN) is struggling with production and just announced that a new plant will be delayed longer than expected. The challenge is getting dire as Rivian will run out of cash without massive capital raising soon. In this video, Travis Hoium shows exactly why Rivian needs to raise about $10 billion to get its next factory off the ground.

*The stock prices used were the closing prices on October 7, 2024. The video was published on October 7, 2024.

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