[EVO X]

Excellent! I've said before here at FR that I didn't think the plant in rural Georgia would ever be built. The company doesn't have the money and the people don't want the product.

Rivian only produced ~57K cars last year at their Normal Illinois plant. Mitsubishi cranked out ~300K cars a year during their peak production years at the facility..

[CFW]

Rivian's earnings report was a disappointment to a lot of investors. The company doesn't expect to increase shipments in 2024 and will burn through billions more in cash.

Rivian Automotive improved its net earnings loss from $1.72 billion, or $1.87 per share, in Q4 2022 to $1.52 billion, or $1.58 per share, in 2023's fourth quarter. The bad news is that analysts had expected Rivian to only lose $1.35 per share in Q4 2023.

Also, Barron's article regarding Rivian from just a couple weeks ago.

Rivian Stock Gets a Rare Double Downgrade. EV Demand Is a Problem.