Rivian layoffs earlier this year [2] combined with reports of $33K loss per sale... | Hacker News

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xyst on Nov 14, 2023 | parent | context | favorite | on: Rivian software update bricks infotainment system,...

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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