Rivian Automotive (NASDAQ: RIVN) was one of the hottest electric vehicle IPOs of 2021. The bulls initially rushed to Rivian because it was ramping up its production, it was backed by Amazon (NASDAQ: AMZN) and Ford (NYSE: F), and Amazon had already placed a long-term order for 100,000 of its electric delivery vans (EDVs). Most investors are likely familiar with those bullet points, so today I'll focus on three aspects of Rivian's business which smart investors should also be familiar with: its complicated relationship with Amazon, Ford's exit, and its recent recalls. Read More...
Rivian Automotive (NASDAQ: RIVN) was one of the hottest electric vehicle IPOs of 2021. The bulls initially rushed to Rivian because it was ramping up its production, it was backed by Amazon (NASDAQ: AMZN) and Ford (NYSE: F), and Amazon had already placed a long-term order for 100,000 of its electric delivery vans (EDVs). Most investors are likely familiar with those bullet points, so today I’ll focus on three aspects of Rivian’s business which smart investors should also be familiar with: its complicated relationship with Amazon, Ford’s exit, and its recent recalls.
Add Comment