Rivian Automotive CFO Says Focus Is On Amazon As Customer But See Lot Of Interest And Demand As We Think About Long Tail Of Customers; Will Start To See Improvement In Cell Prices Towards The End Of The Year
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive's CFO stated that their focus is on Amazon as a customer, but they see a lot of interest and demand from other potential customers. They also expect improvement in cell prices towards the end of the year.
June 15, 2023 | 6:48 pm
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POSITIVE IMPACT
Amazon's partnership with Rivian may benefit from the company's focus and growing demand, potentially impacting Amazon's stock price positively.
As Rivian focuses on Amazon as a key customer and sees growing demand from other potential customers, Amazon may benefit from this partnership in terms of its electric vehicle fleet expansion and sustainability goals. This could have a positive impact on Amazon's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Rivian's focus on Amazon as a customer and growing interest from other potential customers may positively impact its stock price.
Rivian's focus on Amazon as a key customer and the growing interest from other potential customers indicate a strong market presence and potential for increased revenues. This may lead to a positive impact on Rivian's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90