Is It Finally Time for Amazon to Sell Its Stake in Rivian Automotive?

·5 min read
Is It Finally Time for Amazon to Sell Its Stake in Rivian Automotive?

When Rivian Automotive (NASDAQ: RIVN) went public in November 2021, it revealed that Amazon (NASDAQ: AMZN) was its largest stakeholder. At the end of 2022, Amazon still owned 17% of Rivian's Class A shares. As a result, Amazon posted an overall net loss of $2.7 billion in 2022, compared to a net profit of $33.4 billion in 2021.