It's not exactly a huge surprise. But still. Stock getting hammered -20% today. And so it should as these convertible notes can transferred into shares down the road.
Yikes. Cool truck though. Lol.
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11 sats \ 3 replies \ @Stacksats 5 Oct 2023
Essentially taking on more debt, while also diluting the share price in the future.
What could go wrong. :/
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10 sats \ 1 reply \ @satoshi_in_the_classroom OP 5 Oct 2023
I think they are convertible in 2030?
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5 sats \ 0 replies \ @Stacksats 5 Oct 2023
Yeah. It's not that surprising though.
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60 sats \ 0 replies \ @SatoshisSkeleton 5 Oct 2023
They're just raising more capital to expand their charging locations. It's normal
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0 sats \ 10 replies \ @fm 5 Oct 2023
ahhhh, the electric scam... Just wait until we have to replace the batteries.. wonder what psy-op will they push to keep the scam going
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65 sats \ 9 replies \ @satoshi_in_the_classroom OP 5 Oct 2023
Haha. I don't think it's a 'scam'. It is what it is. Engines wear out too and need replacing. And crate engines cost a lot too. It's as fast as a production Ferrari. I mean, pretty rad for a truck.
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1005 sats \ 6 replies \ @Stacksats 5 Oct 2023
I agree. EV is conflated with so many other narratives which is misleading just like the Bitcoin Mining narrative being 'bad' for the environment. EV being touted as 'green' or environmentally friendly isn't correct either. It's just a different technology. That's all.
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0 sats \ 5 replies \ @fm 5 Oct 2023
Bitcoin mining is not bad at all..
EVs are a cancer..
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0 sats \ 4 replies \ @anon 5 Oct 2023
Man fuck you and your virtue signalling ass sittin here talking about colbalt mines killing kids while ignoring what the fuck fossil fuels have done to the environment. Did you grow up in the generation who's mental capacity measurably dropped because of all the fucking lead in the air?
News flash. Everything that we do to extract and produce energy is BAD and destructive. There is no technology that is better over the other or does not cause significant damage and pollution to the environment. The best we can do is slow down carbon emissions but that will not stop unbreakable realities in the laws of the physical universe we find ourselves in.
Our time as a species is finite, is this how you choose to spend yours?
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1945 sats \ 2 replies \ @satoshi_in_the_classroom OP 5 Oct 2023
I was going to write something along these lines but um... let's keep it cool here. This isn't twitter. LOL
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Calling people retards @fm isn't cool. Neither is yelling and swearing. Let's chill.
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Rivians don't use cobalt battery tech. Plus any issues with the cobalt mining industry shouldn't preclude the ban or cease of mining. It seems like this is a political and human rights issue where some regulations and safety laws need to be enforced. Child labor is stomach churning so this is a HUGE issue and thanks for reminding us. Personally I will try to avoid any cobalt produced good from now on until the mining industry improves how it treats people.
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Things aren't black and white here. One isn't 'bad' and one isn't 'good'. Let's zoom out and evaluate the postives and negatives of both the traditional combustion engine and the new EV batteries. I call for people to stop being so polarizing about everything.
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20 sats \ 0 replies \ @SatoshisSkeleton 5 Oct 2023
Rivian is rasing money to power their charging stations with wind generators.
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0 sats \ 0 replies \ @fm 9 Oct 2023
Where i called people retarded? Going full retard is just a meme
Also.. Who is yelling or shouting?
You high?
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0 sats \ 0 replies \ @fm 9 Oct 2023
fuck me? very educated from you.
I know that, im a chemist. When you realize you are using the same fossil fuel to produce batteries, then you will understand the problem. Because escavators are not electric, you end up doubling or trippling the output..
Ever heard of geotermal?
you dumb fuck
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0 sats \ 1 reply \ @fm 5 Oct 2023
if you do the math you will see the scam..
And if we account for the little kids that die to extract cobalt, then its genocide..
But yes, lets go full electric and full retard
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100 sats \ 0 replies \ @satoshi_in_the_classroom OP 5 Oct 2023
Rivian uses cobalt free batteries.
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0 sats \ 0 replies \ @SatoshisSkeleton 5 Oct 2023
Yeah because they're diluting the shares 👀
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