Rivian shares have fallen 24.3% over the past six months to $16.47, prompting analysts to recommend avoiding the stock. The company delivered just 10,365 vehicles in its latest quarter, failing to grow unit volumes over the past two years amid rising competition. Rivian’s free cash flow margin averaged negative 120% over the last five years, and it burned through $3.04 billion of cash in the past year while holding $4.83 billion in cash against $6.58 billion in debt. Analysts warn the short cash runway could force dilutive capital raises and suggest investors consider alternative stocks instead.
Rivian Automotive IncDelivered only 10,365 vehicles in latest quarter, failing to grow unit volumes over two years amid rising competition.
NVIDIA Corporation