"Rivian's Cash Burn Challenge Amid Slowing EV Demand"

Rivian, once seen as a credible competitor to Tesla, faces a crucial test as EV demand slows and investors question its ability to weather the storm as an unprofitable, cash-burning startup. With declining revenue estimates and stock prices, the company needs to demonstrate its capacity to produce cars at scale and control costs, especially as it faces industry-wide weakness and the need to scale up production to achieve profitability. The pressure to lower prices to compete with rivals like Tesla further complicates the path to gross margin profitability.