Amazon bets big on new electric car startup Rivian to rival Tesla

AutoExec Summary
Rivian, a new electric car startup, has secured funding to bring its all-electric ute and SUV to market by 2020, potentially beating Tesla to market with an electric ute. The R1T and R1S vehicles will have impressive range, power, and capabilities, with prices starting at $65,000 after electric vehicle incentives. Rivian’s vehicles will offer luxury interiors and advanced technology, setting it apart from other electric car competitors. If Rivian can meet its proposed 2020 launch date, it will have the market segment to itself, as no other maker plans a ute or seven-seat SUV so soon.

Brands mentioned: Tesla, Rivian, Jaguar, Audi, Mercedes-Benz, Porsche, Volkswagen