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Stock impact report

Rivian's $24 Billion Bet: Spend The Cash Now, Scale Later [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Rivian's $24 billion cash burn has been called into question by investors. CEO RJ Scaringe says it was calculated in order "to become a very large company." R2 could be the pivotal moment for Rivian where everything turns around. If you're building a car company from scratch in the 2020s, you basically have two options: Spend an uncomfortable amount of money, or just don't build a car company. Rivian very clearly chose the first option. In a podcast appearance on Buy Hold Rant , Rivian CEO RJ Scaringe defended the nearly $25 billion in cash set the automaker spent over the last eight years. This type of negative cash flow has raised the eyebrows of some investors, but Scaringe isn't worried. In fact, his argument is pretty straightforward in that you don't build a "very large company" by pinching pennies 2026 Rivian R2 Production Version The topic came up during the podcast when one of the hosts displayed a chart plotting Rivian's free cash flow compared to other automake Show less Read more
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