Amazon takes $7.6 billion loss on Rivian stake after the once high-flying EV startup lost over 80% of its value; from its peak of $146.7 billion to $29.41 billion
We first covered Rivian in 2019 after the once secretive and high-flying electric truck startup raised $700 million in funding led by e-commerce giant Amazon. A year earlier, Rivian emerged from stealth mode with half a billion dollars in funding. With millions […]