Jack Crivici-Kramer
👤 SpeakerAppearances Over Time
Podcast Appearances
That was also a make or break product.
And you know what?
It didn't sell and the company was bankrupt two years later.
DeLorean launched one product, the DeLorean, and then the DeLorean was done for.
That was it.
So the R2, it'll make or break Rivian and its stock is either going to go to zero or a hundred bucks as a result.
Zero if the R2 doesn't make enough money to build that factory in Georgia.
A hundred if it does.
This critical new car launch will either be Rivian's Model 3 or it will be Rivian's DeLorean.
Jack, could you whip up the takeaways for us to kick off the week?
Nintendo stock has soared 18% since launching Pokemon Pokopia two weeks ago.
And it all goes back to Nintendo's cheat code.
If everyone else is zagging, you gotta zig.
For our second story, Quince just reported a billion dollars in sales and is valued in the private market at $10 billion.
Quince, it's worth twice as much as Skims because it's a tech company wearing fashion clothes.
And our third and final story,
Rivian has been stuck at 50,000 cars sold and losing money for five years.
It needs to go mass market.
And that's why this R2 is their make or break moment.
The stock's going to zero or 100, Model 3 or DeLorean.