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What a fucking disaster that electrical vehicle company Rivian is. That is how Bezos and Ford lost 10 billion recently.
When Rivian first launched back in 2015, the initial public offering got the stock up to 180 dollars a share, from 60 a share. Bezos went in hard and picked up 20 percent of the company.
Now, it is worth 30 a share lol. The CEO straight up resigned just as they were to go into production. They were also suppose to guarantee 500,000 vehicles to jeff for Amazon vans. They are having a hard time just making a thousand so far..
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