$Rivian Automotive, Inc.(RIVN)$ The latest news showed actual delivery number last quarter is less than the quarter before. That means Rivian revenues will decline and losses will widen. Rivian is now making cars that people are not buying. Last quarter Rivian only had tiny $1.3 billion revenues a quarter, but the losses were scary $1.3 billion a quarter. Rivian does not even have a viable business at all. Rivian is spending $2 just to make $1 of sales. $9.1 billion cash is only enough for Rivian to burn for less than 2 years at its current burn rate. Rivian is heading for bankruptcy. Just like many other bankrupted EV makers like Lordstown. Sell RIVN.
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