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Amazon targets Tesla with $700M investment in electric truck maker

Watch out, Elon — Jeff Bezos just popped up in your rearview mirror. Amazon’s billionaire boss — whose rocket startup Blue Origin has been locked in a space race against Musk’s SpaceX — now appears to be chasing Tesla. Last week, electric pickup truck maker Rivian announced that Amazon was leading a $700 million investment round in the company. That was just days after Amazon backed a $530 million funding round for Aurora, a self-driving tech startup. While Musk’s Tesla has lately delivered razor-thin profits as it scrambles to bring a mass-market Model 3 sedan to consumers, Bezos appears ready to open his bottomless checkbook in a bid to hijack the industry, insiders said. The Rivian investment “was a major shot across ...
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