In one of the weirdest twists in the Electric Vehicle wars, Amazon, one of the biggest backers of Rivian, just agreed to buy vans from Rivian’s competitor!
Ain’t no such thing as loyalty in business.
Oh, we’d like to think that there is, that people will act with honor and integrity—but the simple fact is that honor and integrity often take a back seat to profit and market share.
Rivian Gets Stabbed In The Back
Just ask the management team of Rivian Automotive (RIVN), a new EV maker. It was just revealed that Amazon, a 20% stakeholder in the company, has decided to buy a fleet of vans from Rivian’s competitor, Stellantis NV.
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