Beyond Green Washing, Now There's Diversity Washing
Bloomberg Businessweek
00:00
Tesla
Rivian has about 13 billion of cash on their balance sheet as of the end of September and its valuation hovers around $15 billion so it's basically trading slightly above the cash that it has on hand. Cars at the end of the day are consumer discretionary purchases EVs are way more expensive especially a car like Rivian. Those are the purchases that are going to be taken down first by consumers.
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