Unemployment is good for manufacturing.
Unemployment means that factories have their pick of workers and are free to fire low performers. This tends to lead to better performance for export driven economies (and TEMU is an exporter).
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High interest rates is bad for companies with (presumably) short term money losing / dumping strategies. It means that everyone's runway is proportionally less.
$2.6 Billion in raised money means that the company needs to make $136 Million in profits PER YEAR to be comparable to a risk-free money market fund like VMFXX.
The more money you raise, the more money you have to make to be comparable to the risk-free rate. It's a loadstone above and beyond.
Jet.com had basically $0 vs MMFs because risk-free MMFs had nearly no money growth in 2016.
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If your investors are willing to dump $2 Billion before turning a profit, your runway is far longer at 0% interest rates than at 5.25% interest rates.