39.00 -0.09 (-0.23%)
After hours: 7:39PM EST
|Bid||39.00 x 1200|
|Ask||39.15 x 900|
|Day's Range||38.74 - 39.19|
|52 Week Range||30.56 - 45.00|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||7.07|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||1.52 (3.90%)|
|1y Target Est||47.14|
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. 1. Did New York lose anything with Amazon’s rejection? Amazon announced yesterday that it’s taking its ball and going home, rather than dealing with mean, pushy New Yorkers (warning: not an exact quote).
Rivian Automotive announced a funding round of $700 million led by Amazon, as interest in the electric truck startup and potential Tesla challenger grows.
Of course Scaringe, now 36, didn’t have a truck to show then. What he did have was something in common with Mohammed Abdul Latif Jameel, the chairman of a Saudi auto distributor who, like Scaringe, also attended Massachusetts Institute of Technology. Scaringe showed up recommended by MIT contacts, and playing the alumni card worked. “It was a seminal point,” Scaringe said in an interview.
Electric vehicle startup Rivian announced a $700 million funding round led by Amazon.com, Inc. (NASDAQ: AMZN) today, February 15. The investment comes after the Michigan-based company unveiled its all-electric R1T pickup and R1S SUV last fall. "This investment is an important milestone for Rivian and the shift to sustainable mobility," stated Rivian Founder and CEO RJ Scaringe.
DETROIT/SAN FRANCISCO (Reuters) - Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector. The deal represents a major endorsement of Rivian's electric vehicle technology by the world's largest online retailer. Amazon is hoping Rivian will assist it in its development of delivery vehicles that will bolster its logistics network, according to a person familiar with the matter who asked not to be identified discussing the confidential strategy.
The backing from Amazon will bolster Michigan-based Rivian’s plans to bring an electric truck to market in late 2020. Rivian remains in talks with General Motors Co. about the largest U.S. automaker making an investment or collaborating another way, people familiar with the matter said. Chief Executive Officer R.J. Scaringe said in his first interview since reports of Rivian’s talks with Amazon and GM surfaced earlier this week that he was seeking companies that could help the electric-vehicle maker grow.
Start-up electric pickup truck maker Rivian announced Friday that it is receiving a $700 million investment in an investment round led by Amazon.com Inc. was reported to have been involved in the deal as one of the investors, but there was no mention of GM in Rivian's announcement. When asked if GM might invest in Rivian going forward, a Rivian spokesperson said the company would not comment on speculation.
U.S. electric pickup truck manufacturer Rivian Automotive LLC on Friday announced an equity investment round of $700 million, led by Amazon.com Inc. Reuters had reported on Tuesday that Amazon and General ...