Rivian (on the verge of bankruptcy) reported a loss of $1.5 billion in the fourth quarter of last year, compared to a loss of about $1.7 billion during the same period of 2022. (Maybe they will make it up in volume.)
Rivian: "Our business is facing a challenging macroeconomic environment—including historically high interest rates and geopolitical uncertainty—and we need to make purposeful changes now to ensure our promising future," founder and chief executive R.J. Scaringe wrote in an email to staff, according to AB7 Chicago.
No, R. J. Scrooge, nobody wants your stupid-looking EV pick-um-up trucks.
Full stop.
22
Message Thread
« Back to index