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by dewski 949 days ago
This is a bad take.
3 comments
xyst 949 days 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...

[2] https://www.theverge.com/2023/2/1/23581642/rivian-layoff-ev-...

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OneLeggedCat 949 days ago
This is an inadequate comment.
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worik 949 days ago
Why?
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