Huge news for Rivian stock investors
Rivian (RIVN -1.86%) has been under pressure from other electric vehicle rivals and a struggling auto market all year, so management is focused on cutting costs and building a new, lower-cost car line to compete in the future. And investors recently got some insight into what they can expect from the company in 2024 and when the R2 line is expected.
In this video, Travis Hoium discusses the latest news and investment implications.
*The stock price used is based on the closing price on December 5, 2023. The video was posted on December 6, 2023.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has a position in Tesla and recommends the company. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may receive compensation for promoting its services. If you choose to subscribe through our links, we may earn additional revenue that supports our channel. Their opinions remain their own and are not influenced by The Motley Fool.
