$Rivian Automotive, Inc.(RIVN)$
How is Rivian different than any other over-hyped money-losing company headed for bankruptcy? Rivian convinced early investors to pour in tens of billions of $$s. But now Rivian is consistently losing $1.4 bill/qtr (3Q23). Between the convertibles and lack of plans to reduce losses, it will be increasingly difficult to attract new money. Rivian had 952 mill sh o/s as of 9/30/23. Like 100% of companies that lose money every quarter, Rivian will almost certainly go bankrupt. Guaranteed
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