TSLA, RIVN: Cheaper E.V.s are the Way to Stay Ahead

Tesla (TSLA) remains at a disadvantage compared to others without a cheaper E.V. model, notes Anthony Sassine. He previews E.V. earnings from Tesla and Rivian (RIVN). He highlights that Rivian's recent deal with Volkswagen could help expedite the R2 or cheaper SUV and provide much needed funding.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - schwabnetwork....
Download the iOS app - apps.apple.com...
Download the Amazon Fire Tv App - www.amazon.com...
Watch on Sling - watch.sling.co...
Watch on Vizio - www.vizio.com/...
Watch on DistroTV - www.distro.tv/...
Follow us on X - / schwabnetwork
Follow us on Facebook - / schwabnetwork
Follow us on LinkedIn - / schwab-network
About Schwab Network - schwabnetwork....
#investing #trading #finance #stocks #global #equities #markets #stockmarket #stockmarkettoday #tesla #tsla #rivian #rivn #earnings #evs

[@luckylenny]

Rivian is nothing like Tesla. In 1Q24, Rivian's loss per vehicle was over $100,000. As proof... in 1Q24, Rivian lost $1.4 bill. Rivian sold 13,588 vehicles. Rivian's GAAP loss clearly works out to $103,032 per vehicle. Rivian's inability to reduce its massive losses is why Rivian is headed for certain bankruptcy. VW deal doesn’t change anything for rivian

[@localbraddah07]

You really underestimate the VW / Rivian deal. You really think VW would enter a deal with Rivian if they knew they were headed to certain bankruptcy? LOL

[@MrNiceGuy485]

​@localbraddah07 well, if vw hadn't given them that money, then they would have gone bankrupt.