Thread regarding Rivian Automotive, Inc layoffs

Ouch

Rivian reports more losses in the second quarter of 2022

Rivian, the buzzy electric vehicle company backed by Ford and Amazon, reported a net loss of $1.71 billion in the second quarter of 2022 based on $364 million in revenue.

https://www.theverge.com/2022/8/11/23301444/rivian-q2-2022-earnings-ev-r1t-r1s

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| 649 views | | 3 replies (last )
Post ID: @OP+1ib7Us8k

3 replies (most recent on top)

They have vehicle that are on the road. Successfully so. How can that be trash?

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Post ID: @5dvv+1ib7Us8k

Ford pulled out months ago. Amazon backs every startup so thats nothing to be proud of. I called it months ago this company is the next Delorean/Fisker Karma. Pure trash

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Post ID: @1arm+1ib7Us8k

its a new company in a growing market. they will likely not expect to be even after EBIT.

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Post ID: @1emk+1ib7Us8k

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