Warning Light: Rivian Stock Is Beginning to Look More and More Like a Money Pit

As one of the most prominent players in the electric vehicle space, Rivian Automotive (NASDAQ:RIVN) is now starting to lose its shine. Although the company surpassed Q1 estimates, long-term stability is still likely not viable for the EV company.With a significant $1.24 per share loss and ongoing cash burn, Rivian faces challenges common in the struggling EV sector. Despite capturing 5.1% of the EV market share and increasing demo drives by 90%, sustainable profitability remains uncertain. Accordingly, long ...