I Sold All My Rivian Stock 😬

It's going to be a rough 2 years for Rivian. I decided to sell my tiny position, as I think dilution is coming. Rivian has only ~$9B in cash, and is burning $1.4B per quarter. The company can't make money on it's $100K R1S & R1T, so I'm not convinced they will be able to make a profit on the $45,000 R2. I love the company and brand, but the business is really struggling right now, and I'm worried shareholders could get screwed if dilution ramps up. Let me know your thoughts on Rivian, and the comparison to Tesla below!!

Main Street Data Premium 10% off with my link!! https://mainstreetdata.com/subscripti...
Rivian financials on Main Street Data: https://mainstreetdata.com/RIVN

My X/Twitter:   / gfilche  
HyperChange Patreon :)   / hyperchange  

0:00 Intro
0:57 Capital Raise Coming
1:41 R2 Launch
2:14 Insane Cash Burn
3:55 Weak Guidance
4:56 R2 Reservations
6:09 Rivian is a crappy business
7:17 Tesla Comparison

Disclaimer: This is not financial advice. I own no Rivian stock. I do own Tesla stock.