I thought they bought 20 percent but I could be wrong.
Amazon will have a fleet of electric delivery trucks, I guess...but mostly it's about guiding people into buying electric golf carts....er cars.
Buying high end electric vehicles can't be viable. How many rich people have already bought Teslas? How can the middle class and working poor afford such cars? Now RIVN wants in. Will they be affordable? Not so far...
I don't know where this is all going, but it's an example of how endless billions are put down on companies they want to succeed. Other companies they don't want to succeed are mercilessly shorted. So the stock market has become contaminated by fascism--the oligarchs and government determine who wins and loses. That's not capitalism.
As I type this RIVN is at 167 and still going up. It's nutty and begging for puts, but the chances all anyone who shorts it will get burned...just like they did with TSLA.
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