Aman Dhesi
@aman
My Rivian bankruptcy thesis is getting stronger. They now have a market cap of $12.9B with $12B cash on balance sheet meaning their enterprise value is <$1B. Sad but making cars is hard. didn’t short it, I’m not a fan of shorting individual co’s https://twitter.com/sawyermerritt/status/1633228735632625664?s=4
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ted (not lasso)
@ted
I think there’s a reasonable chance that Amazon will bail them out the same way Elon bailed out Tesla with his own money. If there was no Amazon partnership, I would say game over.
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Aman Dhesi
@aman
Tesla was Elon's baby though and it was his own money. I doubt that the board of a public co would approve a bailout for a company that's a money incinerator when they only own a small stake. The market would be very unforgiving to AMZN stock if they did that!
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