Amazon’s Climate Change Plan Is Terrible News for Tesla

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Seven months after electric truck start-up Rivian announced that it had raised $700 million in an investment round led by Amazon, the online retail giant has placed a massive order with the Michigan-based EV firm as part of its new climate change strategy. Tesla rival scores massive Amazon order According to a statement released by … Read more

Tesla Stock Reels After Amazon-Backed Rival Rivian Seduces Ford

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By CCN.com: Tesla stock endured another major blow on Wednesday after US auto giant Ford piled $500 million into electric truck manufacturer Rivian, which had already secured a major investment from Amazon. TSLA shares fell 1.94 percent on the day to $258.77 after sliding below technical support at $260. Ford stock (F), meanwhile, rose 0.21 … Read more

Newsflash: Amazon Leads Massive $700 Million Funding Round in Tesla Competitor Rivian

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Elon Musk and Tesla had better watch out because tech conglomerate Amazon just led a massive $700 million funding round in electric vehicle competitor Rivian. Amazon Leads Major Funding Round in EV Startup Rivian The Michigan-based Rivian has sought to carve out a segment of the burgeoning electric vehicle market by focusing its efforts on … Read more