Rivian is still a young company trying to prove its model can make a profit. They have a pile of cash and along way until they can break even in their business model.
Tangible book is all tangible assets minus liabilities. Tangible meaning physical and cash like assets but not including intangible like brands and patents.
Tangible assets may also be a better...
Buy low and sell high, simple as that right? I wish it was. Charts alone dont show the whole picture.
Rivian has a math problem. They are a sales grower, but they burn cash until they dont.
They are burning 1.5 ish billion a quarter and have 8 billion ish left from IPO.
Price to tangible book is now below 1.00 showing investor losing faith.
