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Rivian Q4 earnings preview: Cash burn, demand concerns emerge
Rivian’s fiscal performance is an additional main worry. The company lifted large amounts of funds for its 2021 original community supplying, but is now burning by way of that money quarter by quarter. The automaker explained it sent 20,332 automobiles final year. As section of third-quarter earnings, Rivian said it experienced about $14 billion in dollars to fund its functions, create fewer-pricey motor vehicles and establish a 2nd plant. The foundation R1T has a starting price of $74,800 with shipping and delivery. Rivian is not by yourself in drawing fresh scrutiny from industry analysts amid high hopes for EV startups in new many years. Lucid Motors, which released its Air…
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More false claims from George Santos about his work, education and family history emerge
CNN — Rep.-elect George Santos created additional phony claims more than the several years about his family members background, perform background and instruction in campaign appearances over the many years, a assessment of statements made in two of his strategies for Congress uncovered. CNN’s KFile uncovered more falsehoods from Santos, including claims he was pressured to depart a New York City personal school when his family’s authentic estate belongings took a downturn and stating he represented Goldman Sachs at a top financial convention exactly where he berated the organization for investing in renewables. CNN also reviewed a lot more instances of Santos providing more bogus heritage of his family’s qualifications.…