BelindaHaywood
01-23

$Rivian Automotive, Inc.(RIVN)$

Investors should read financial reports and do their own research. Do not be fooled by junk stock pumpers like Bo. The latest news showed actual delivery number last quarter is less than the quarter before. That means Rivian revenues will decline and losses will widen. Rivian is now making cars that people are not buying. The inventories are piling up and eating up precious little cash Rivian has. Last quarter Rivian only had tiny $1.3 billion revenues a quarter, but the losses were scary $1.3 billion a quarter. Rivian does not even have a viable business at all. Rivian is spending $2 just to make $1 of sales. $9.1 billion cash Rivian has is only enough for Rivian to burn for less than 2 years at its current burn rate. Rivian is heading for bankruptcy. Just like many other bankrupted EV makers like Lordstown. Sell RIVN.

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