zerohedge@zerohedge

2 years ago

*RIVIAN SLUMPS 25% AT THE OPEN, HITTING LOWEST LEVEL ON RECORD

Barbarian Capital@BarbarianCap

2 years ago

Electric-truck maker Rivian projects no production growth in 2024 $RIVN https://t.co/3yaDtfEbqF

$RIVN Cash incinerator🚨 Guidance: 57K vehicles for 2024 - LOL (that is <15k per quarter). Burned ~$5B is 2023 from Operations - will likely lose about the same in 2024 + Add $1.75B in Capex. -> They could Blow ~$6.75B in 2024... Have ~$9.5B of cash... https://t.co/5AkCbfkV33