Victor Prajapati, a former manager with Tesla (NASDAQ:TSLA), was reportedly one of those let go. RIVN stock rose 4.4% on Dec. 7. Investors don’t seem to be phased by these Rivian layoffs.

Sources indicated that the layoffs included Victor Prajapati, who was the company’s lead cell engineer and a former senior manager at Tesla (TSLA). The California-based company currently buys ...