Event Analysis

Summary

EV startup Rivian could go public this fall with a valuation of $50 billion, Bloomberg reported. The firm has been developing EVs since 2009 and may have what it takes to be the next Tesla. It has developed a pickup, an SUV, and a delivery van, and counts Amazon as a partner and a backer. Amazon is now testing its electric delivery vans in San Francisco, the company announced Thursday.

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