top | item 38267400 (no title) dewski | 2 years ago This is a bad take. discuss order hn newest xyst|2 years 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-... OneLeggedCat|2 years ago This is an inadequate comment. worik|2 years ago Why?
xyst|2 years 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-...
xyst|2 years ago
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-...
OneLeggedCat|2 years ago
worik|2 years ago