4 ms·

This is a bad take.

• worik 3y ago
  Why?
• xyst 3y ago
  Rivian layoffs earlier this year [2] combined with reports of $33K loss per sale [1]. Rivian is hemorrhaging money right now. RVN IPO’d at $150/share. Now it’s trading at $16/share. All of these indicators of poor leadership to me. No sustainability. Burning cash. Poor company outlook. Poor products. [1] https://tfltruck.com/2023/10/rivian-financial-results-losses-per-truck-news/ https://tfltruck.com/2023/10/rivian-financial-results-losses... [2] https://www.theverge.com/2023/2/1/23581642/rivian-layoff-ev-workers-employees-price-cut https://www.theverge.com/2023/2/1/23581642/rivian-layoff-ev-...
• OneLeggedCat 3y ago
  This is an inadequate comment.