However, the partnership with Amazon is still on track. Following its investment, Amazon said it would purchase 100,000 custom-built electric delivery vans, part of its move to electrify its last-mile fleet by 2040.. But the turbulent economy has cast a shadow over its rocketing success. As the market responded to inflation and fears of a recession, the stock took a big hit. But with the Amazon deal secured, some are confident the EV maker can weather the storm.
"When Amazon invested in them…but more importantly, put a commitment to buy all of those vehicles from them, they changed the market dynamic around that company," said Mike Ramsey, an auto and smart mobility analyst at Gartner.
overvalued, do they really got the correct tech? long term, environment, batteries, power grid, etc. just because amazon got involved, bloat the fish until it explodes. create money in 'short term' investments like most tech, before the next upgrade cycle, wasted.
Narrator: Rivian is owned largely by Jeff Bezos.
I just saw rivian truck and it really gorgeous
ABSOLUTELY CRAP ! did you bring extra batteries to the desert? 🤡
Last I knew, this was a heavily subsidized manufacturer. Not sure if that is still the case, but they were being touted as a great investment before they produced the first product…🤷🏻♂️
Test drove a Rivian… not a fan
To the future 🤔🤨🧐🥀🏕️🌅🌌.
Really have to plan on how soon the battery runs low and long it takes to charge.
lol 😂 Scrambling to try to promote anything but tesla. Seething so bad right now.
CNBCYOUR FIRED ! FAKE NEWS NETWORK!