$Rivian Automotive, Inc.(RIVN)$ In my opinion this is overvalued even though Amazon invested in RIVN by planning to order 100k of vans, but no obligation. Still, RIVN has not sold any EV to the market yet. Currently the sales are internal only. Do note that the agreement with Amazon does not contain any MOQ, but it’s just an exclusive right of 4 years to Amazon. This agreement is beneficial to Amazonbut not RIVN. Imagine 4 years of exclusive rights toAmazon, and RIVN is unable to capture other market through other sales channel. Everything could happen in 4 years, other EV will be able to capture this market fast, it will be a super competitive market… For now, I will just sit back and monitor [Sly]
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