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I don't know about the others but Amazon missed things because of a $7B+ loss on Rivian investments. Otherwise their growth had slowed, but the actual core busi
by ineedasername 5y ago
I don't know about the others but Amazon missed things because of a $7B+ loss on Rivian investments. Otherwise their growth had slowed, but the actual core business is still growing.
The Rivian investment is a bit of a head scratcher though. I get that electricity costs could bring down shipping costs vs. ICE vehicles, but they could order their 100,000 trucks without buying 20% of a business that's somewhat orthogonal to their core competency, which is definitively not vehicle manufacturing. Sure they're more of a logistics business than retailer at this point but owning a manufacturer... do they have big stakes in the established traditional manufacturers?