Rivian is not going bankrupt

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Rivian is not going bankrupt

AugustineMac-
2023-03-30

Ample liquidity available for next two years and by that time, two things will happen for Rivian

1) Gross profit positive

2) Georgia plant ready for production

25% gross margin target was mentioned during the earnings call. Rivian seems to be well aware of what it needs to do to achieve that. That’s why the cost cutting and layoffs.

Georgia plant will produce the much cheaper mass appeal R2 model. The production number for both R1 and R2 will be around 600k vehicles. Challenges lie ahead, but Rivian isn’t going anywhere $Rivian Automotive, Inc.(RIVN)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Aussome
·2023-03-30
Yup not going anywhere
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GoG
·2023-03-30
kkk
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Optionspuppy
·2023-03-30
Iiiii
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JozzoL
·2023-03-30
[Strong]
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kel0508
·2023-03-30
hmm
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BengSeng
·2023-03-30
dow down 👎
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Hkh
·2023-03-30
ok
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YueShan
·2023-03-30
Good ⭐⭐⭐
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angellene
·2023-03-30
👍
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听见鸟儿的声音
·2023-03-30
Ok
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Balamurali
·2023-03-30
ok
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Kmsng
·2023-03-30
Lk
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hmmwvms
·2023-03-30
Good
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Than
·2023-03-30
Good
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Winston88
·2023-03-30
k
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Nagoken
·2023-03-30
Helo
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Aqa
·2023-03-30
Thanks
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Ajy
·2023-03-30
k
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CynthiaLiong
·2023-03-30
k
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Tonygoh82
·2023-03-30
🙏
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