Rivian has a large problem on its hands

Rivian is burning cash and may be years away from a significant recovery.

Barclays Senior Autos Analyst Dan Levy joins Catalysts to discuss Rivian's performance and potential deal with Apple. Shares of Rivian Automotive (RIVN) are dipping as the company posted its first quarter results, trimming its capital expenditure forecast. Levy praises the automaker's "impressive" tech but outlines a central concern: "At the core for Rivian is a key challenge on narrowing costs"