Rivian Is Said to File for IPO With $80 Billion Valuation

Rivian, valued at $80 billion, is seen as a major competitor to Tesla despite not yet delivering any vehicles. The company faces challenges due to COVID-19 and supply chain issues but is backed by Amazon and Ford. Rivian plans to expand in the U.S. and Europe, focusing on electric pickups and SUVs. Their strategy includes a contract with Amazon for delivery vans, differentiating them from Tesla. Rivian's approach is cautious, influenced by former Tesla employees, aiming to avoid past production mistakes.

What is the significance of Rivian's contract with Amazon?

In what ways are Ford and Rivian competitors?