Core Viewpoint - Rivian's stock price has declined by 3.65% amid news that Amazon is considering using Chevrolet's electric vans for its delivery fleet, indicating that Rivian may no longer be Amazon's sole supplier [2]. Company Summary - Rivian is focused on entering the rapidly growing truck and SUV market [2]. - The company went public on November 10, 2021, with its stock price increasing by over 50% on the first day of trading [2]. - On November 16, 2021, Rivian's market capitalization reached $146.7 billion, surpassing established automakers like Volkswagen and General Motors, and positioning it among the top three automakers globally by market value [2]. - As of September 13, 2023, Rivian's total market capitalization has fallen to $16.3 billion [2].

Core Viewpoint - Rivian's stock price has declined by 3.65% amid news that Amazon is considering using Chevrolet's electric vans for its delivery fleet, indicating that Rivian may no longer be Amazon's sole supplier [1] Company Summary - Rivian is focused on entering the rapidly growing truck and SUV market [1] - The company went public on November 10, 2021, with its stock price increasing by over 50% on the first day of trading [1] - On November 16, 2021, Rivian's market capitalization reached $146.7 billion, surpassing established automakers like Volkswagen and General Motors, and ranking among the top three automakers globally by market value [1] - However, Rivian's stock price and market capitalization have since declined significantly, with a current market cap of only $16.3 billion as of September 13, 2025 [1]