Rivian just had one a month or two ago
Doing another round, business struggling big time
Stock is already in the dumps. Didn’t they pause their GA plant and raise new capital as well? Things must be pretty bad for another round of layoffs in quick succession
Rivian still exists 🤔?
How many?
Thank you Biden
They make crap cars that are too expensive, yet is Biden fault? I’m not a fan of Biden, but that is brain dead
I am not a business guy, but can somebody in layman terms explain to me why the EV car market in north america deliberately only targets the luxury segment and the niche buyers and dont want to build for the masses. I can understand the initial launch can be niche but these companies adamantly refuse to mass produce and bring down prices citing all issues on supply chain. And then when the Chinese EVs start costing lesser, they want US to impose sanctions on Chinese cars. This seems to me against the definition of free market. Or maybe what do I know. I have little sympathies for the Porshes of the world running out of business.
How is Rivian tech op? Don’t they make cars
Rivian basically a assembly plant Was looking into seeking alpha except design they procure almost everything as it is
All OEM's are basically assembly plants. They generally only stamp the metal. Tesla being the exception.
When can I get a sweet deal on a discounted Rivian?
Is this official news or just expecting after Tesla layoffs ?
Official. Happening as we speak
How many people?
Surprisingly and thankfully only 1% laid off https://www.reuters.com/business/autos-transportation/rivian-cuts-1-workforce-second-job-cut-this-year-2024-04-17/
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Any clue about devices?