A year ago, Rivian (RIVN) reported a quarterly loss of $1.36 per share and that it was laying off 10% of its workforce. This prompted Tesla (TSLA) Chief Executive Elon Musk to claim on X that Rivian could go bankrupt in around six quarters. However, a year later and Rivian is still alive and investors await the EV start-up's fourth-quarter…
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.