The online retailer has notified the EV maker that it wants to buy about 10,000 vans this year, which is at the low end of a range it previously provided. Read More...
Why Rivian Automotive Shares Are Trading Lower Today
Amazon.Com, Inc (NASDAQ: AMZN) and Rivian Automotive, Inc (NASDAQ: RIVN) are in discussions to eliminate the exclusivity part of their electric-van deal. Rivian could start selling to others after Amazon’s order for 2023, the Wall Street Journal reports. Rivian needs to sell all of the vans it makes to Amazon under a 2019 deal. Recently, Amazon ordered about 10,000 vans this year, at the low end of the range it previously provided the automaker. In response, Rivian sought to terminate the exclus