Amazon Discloses 20% Stake In EV Firm Rivian

Benzinga2021-10-30
  • E-commerce juggernaut Amazon.com Inc (NASDAQ: AMZN) disclosed a 20% stake in electric vehicle manufacturer Rivian Automotive Inc, with a carrying value of $3.8 billion, up from $2.7 billion in 2020 end.
  • Rivian just placed an order for 100,000 battery-powered delivery vans.
  • Rivian previously disclosed Amazon's over $1.3 billion investment in the automaker and held almost 150 million shares of preferred stock. However, Rivian redacted Amazon's voting power as a percentage.
  • Ford Motor Co (NYSE: F) has invested over $820 million in Rivian and owns over 5%.
  • Amazon shares are trading lower as analysts reduced their price targets following disappointing Q3 results and Q4 outlook.
  • Price Action: AMZN shares traded lower by 2.95% at $3,345 on the last check Friday.
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精彩评论

  • LYNETTELIM
    2021-11-01
    LYNETTELIM
    Like
  • Acebaby
    2021-10-31
    Acebaby
    Well
  • Investoro
    2021-10-31
    Investoro
    Such a turnoff. Please don't ruin Rivian
  • COSMONAUT
    2021-10-30
    COSMONAUT
    Will IPO be available to local subscribers 
  • SPOT_ON
    2021-10-30
    SPOT_ON
    Like n follow 
    • SPOT_ON
      👍 👍 👍 👍 👍 👍 👍
  • Fish80
    2021-10-30
    Fish80
    Ok
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