We've seen several anecdotes where JIT languages (e.g. Java) outperform Rust in throughput and latency in long-running server programs.
This isn't me glazing Rust, this is just the boring observation that a VM language is necessarily going to be outperformed by a language without a VM. VMs have good attributes, but they are never zero cost.
What I mentioned is already something that people have observed for both Rust and C++ against programs written in Java. Now add features like observability, profiling, debugging, and dev productivity, and it becomes a worthwile tradeoff a lot of the time.
For constrained environments, GraalVM offers native image.
It's the fact that runtime errors are essentially impossible, making writing, reviewing, testing code very easy.
It also means LLMs can spin it out with the compiler, and if it compiles, it probably works. You just need to organize the code.