What is the significance of Rivian's contract with Amazon?
Rivian Is Said to File for IPO With $80 Billion Valuation
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Rivian, valued at $80 billion, is seen as a major competitor to Tesla despite not yet delivering any vehicles. The company faces challenges due to COVID-19 and supply chain issues but is backed by Amazon and Ford. Rivian plans to expand in the U.S. and Europe, focusing on electric pickups and SUVs. Their strategy includes a contract with Amazon for delivery vans, differentiating them from Tesla. Rivian's approach is cautious, influenced by former Tesla employees, aiming to avoid past production mistakes.
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In what ways are Ford and Rivian competitors?
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