In an earnings statement Thursday, the companyreported a steep drop off.
This waslower than analyst estimatesof 17 cents per share, according to Yahoo Finance.
The investment has become a wild card in the tally of Amazon’s profit.
In 2021, Rivian had a valuation gain, boosting Amazon’s balance sheet by $11.8 billion.
Olsavsky confirmed Thursday that all laid off employees have been notified.
