Recently, the Rivian (RIVN) stock sold off significantly after a debt offering and burning through $1B in cash. Is Rivian losing $32K for every car that they sell? Does the EV maker need to ramp up production to get to profitability? Randy Frederick says that Rivian is competing with all existing trucks. How does it compare to Lucid (LCID) that reportedly loses $300K per vehicle?
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10 Oct 2023
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