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Amazon stocks drop by around 10% at report of $4B loss (on Rivian)

Posted by colin (aka colinski) Apr 29 '22, 08:07

i guess their... let's see.. 2500 cars sold.. aren't worth that much.

https://www.cnn.com/2022/04/28/tech/amazon-earnings-loss/index.html (www.cnn.com)

Responses:

nmbfa - Qale Apr 29, 09:03
How many units of Amazon's 100K vehicle order have been delivered? -- nm - Beryllium Apr 29, 08:14 10
- There's a belief in my hometown (where a Rivian plant is based) that it's all a scam. -- nm - Dark Callisto Apr 29, 08:34 9
  - Their planned new plant here in GA is causing a big ruckus. - Strongbad Apr 29, 08:42
  - Something can be precarious without being a scam. They do look similar sometimes, though. -- nm - Beryllium Apr 29, 08:37 6
    - true.. never planning to build a car vs not bothering to know anything about manufacturing and assuming you know how to build a car have same outcome -- nm - colin Apr 29, 08:51 4
      - ?? -- nm - Beryllium Apr 29, 09:10 3
        
        Oh, is this a Nikola reference? -- nm - Beryllium Apr 29, 09:10 2
        
        Nikola *claims* to be building and delivery its trucks. Not sure that's been confirmed. -- nm - TWuG Apr 29, 09:34 1
        
        Well, Rivian has actually completed delivery to some of my coworkers, so that's something. -- nm - Beryllium Apr 29, 09:49
    - Yep, is true. -- nm - Dark Callisto Apr 29, 08:42
  - It's not, but ramping production is never easy. -- nm - TWuG Apr 29, 08:36
It's not really the loss or the Rivian thing from what I can tell. It's that they forecast sales to be sluggish in 2Q (overall amazon sales) - ty97 Apr 29, 08:14 2
- You mean they can't maintain indefinite astronomical growth? -- nm - Mop Apr 29, 08:20 1
  - All he needs to make a trillion again is to release a variant the vax can't stop, we'll be back to ordering everything delivered again -- nm - zeitgeist Apr 29, 11:02

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Amazon stocks drop by around 10% at report of $4B loss (on Rivian)

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