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

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.