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-...

This is an inadequate comment.

Why?