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by dmoy
224 days ago
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> Now Rivian can lose 5 billion a year and I don't hear anything about it, and OpenAI can lose 11 billion in a quarter and Microsoft Rivian stock is down 90%, and I fairly regularly read financial news about it having bad earnings, stock going even lower, worst-in-industry reliability, etc etc. I don't know why you don't hear about it, but it might be because it's already looking dead in the water so there's no additional news juice to squeeze out of it. |
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There was a point where because of Tesla's enormous profits, it was seen as ok for Rivian to lose that much in a year, which was incredible because it's about the same amount of money Tesla lost during its entire tenure as a public company. You're right though they've been criticized for it and have paid the (stock) price for it.