<p><strong>亚马逊</strong>（AMZN +3.01%）拥有无可挑剔的业绩记录。这家电子商务专家在多个行业中处于领先地位，产生稳定的收入、盈利和现金流，并在长期内提供了超越市场的回报。但公司的股票组合能否表现得同样出色？如果可以，那可能是因为其最大的当前持股，<strong>Rivian</strong>（RIVN +1.60%），一家电动汽车（EV）制造商。亚马逊的公共股权投资组合中，超过 90% 都集中在这只股票上。投资者是否也应该对 Rivian 持乐观态度？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzQ4NjMvcml2aWFuLWxvZ28ucG5nJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Rivian logo." width="1200" height="800" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzQ4NjMvcml2aWFuLWxvZ28ucG5nJnc9Mzg0MA"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>长期合作关系</h2>
<p>2019 年 2 月，Rivian 宣布了一轮由亚马逊主导的 7 亿美元投资。这是在这家 电动汽车公司 上市前的两年半多。亚马逊这样做的原因是什么？这家电子商务领导者拥有庞大的物流网络，包括一支车辆和送货司机的车队。通过使用电动汽车进行运输和配送，公司可能会降低燃料（和其他）费用。</p>
<p>这就是为什么亚马逊帮助资助像 Rivian 这样的公司是有意义的，因为它能够提供所需的电动汽车。Rivian 正是这样做的。亚马逊现在在路上拥有超过 30,000 辆电动送货车，都是由其合作伙伴提供的。该 云计算专家 计划到 2030 年至少达到 100,000 辆。亚马逊目前拥有大约 1.5836 亿股 Rivian 的股份，成为其最大股东之一。</p>
<h2>零售投资的角度</h2>
<p>投资 Rivian 对亚马逊来说可能是明智的，但对普通零售投资者来说，这也是一个好选择吗？一方面，有充分的理由对这只股票持乐观态度。Rivian 第一季度的财务结果相当强劲。公司的收入同比增长 11%，达到了 14 亿美元。尽管美国电动汽车市场在第一季度出现放缓，但仍然取得了这样的成绩。</p>
<p>此外，Rivian 正在推出其新车型 R2。这一点尤其重要，因为 R2 是一款大众市场车型，起售价比其之前的车型更具亲和力。Rivian 希望在大型中型 SUV 市场中占有一席之地。<strong>特斯拉</strong>（TSLA +1.18%）的 Model Y 在这个细分市场中竞争，并且在过去几年中一直是全球最畅销的车型（无论是电动还是非电动）。Rivian 正试图追随这一脚步。如果能够做到，公司的收入将会飙升。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1JJVk4ucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Rivian Automotive Stock Quote" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1JJVk4ucG5nJnc9MTI4"/></p>
<h2>NASDAQ: RIVN</h2>
<p>Rivian Automotive</p>
<p>今日变动</p>
<p>(1.60%) $0.26</p>
<p>当前价格</p>
<p>$16.52</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$21B</p>
<p>日内区间</p>
<p>$16.03 - $16.61</p>
<p>52 周区间</p>
<p>$11.57 - $22.69</p>
<p>成交量</p>
<p>3170 万</p>
<p>平均成交量</p>
<p>2980 万</p>
<p>毛利率</p>
<p>-441.39%</p>
<p>此外，Rivian 还在努力实现 4 级 自动驾驶（即汽车可以在没有人类干预的情况下自行驾驶）。该公司与 <strong>优步科技</strong>（UBER +1.03%）达成协议，为这家打车巨头提供一支自驾出租车车队，计划于 2028 年在多个城市推出。如果 Rivian 能够按协议中的时间表完成，将可能从优步获得高达 12.5 亿美元的投资。同样重要的是，Rivian 可能会在自动驾驶汽车市场中确立自己的领导地位，并与其他公司达成协议。这是对该公司的乐观预期，如果实现，将带来优异的回报。</p>
<p>然而，Rivian 的股票今年已经下跌了 13%，原因很明显：尽管潜在的上行空间巨大，但该股票仍然存在重大风险。例如，最近电动汽车市场的放缓可能会影响公司 R2 的推出。尽管在第一季度能够逃脱这一困境，但这是因为在该期间销售了更高比例的商业货车，因为它继续履行与亚马逊的长期合同。这些货车的平均单价较低，最终可能会挤压公司的利润率。</p>
<p>这就是 R2 如此重要的原因，如果其推出失败——可能是由于行业近期的疲软——Rivian 将面临困境。此外，公司可能无法实现完全的自动驾驶能力。这将使其与优步的协议面临风险。在开始投资 Rivian 之前，所有这些因素（以及其他因素）都值得考虑。我的观点是，这只股票可能是适合那些能够承受波动的逆向投资者的绝佳选择——无论股票如何波动，都会有大量的波动。但风险厌恶型投资者应该寻找其他选择。</p>

RIVN

亚马逊

优步

<p>亚马逊在其公共股权投资组合中持有超过 90% 的股份于 Rivian，这得益于与 Rivian 在电动送货车方面的战略合作。尽管 Rivian 在第一季度显示出强劲的收入增长，并计划推出面向大众市场的 R2 车型和与优步合作的自动驾驶出租车，但它面临着包括电动车市场放缓和利润压力在内的重大风险。该股票被认为仅适合那些能够承受高波动性的逆向投资者</p>

<p><strong>Amazon</strong>( AMZN +3.01%) has an impeccable track record. The e-commerce specialist leads several industries, generates consistent revenue, earnings, and cash flow, and has delivered market-crushing returns over the long run. But can the company's stock portfolio perform nearly as well? If it does, it may be because of its largest current holding, <strong>Rivian</strong>( RIVN +1.60%), an electric vehicle (EV) maker. A little over 90% of Amazon's public equity portfolio is in this single stock. Should investors also be bullish on Rivian?</p>
<div class="lb-trans"><p><strong>亚马逊</strong>（AMZN +3.01%）拥有无可挑剔的业绩记录。这家电子商务专家在多个行业中处于领先地位，产生稳定的收入、盈利和现金流，并在长期内提供了超越市场的回报。但公司的股票组合能否表现得同样出色？如果可以，那可能是因为其最大的当前持股，<strong>Rivian</strong>（RIVN +1.60%），一家电动汽车（EV）制造商。亚马逊的公共股权投资组合中，超过 90% 都集中在这只股票上。投资者是否也应该对 Rivian 持乐观态度？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzQ4NjMvcml2aWFuLWxvZ28ucG5nJnc9Mzg0MA" alt="Rivian logo." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F874863%2Frivian-logo.png&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>A long-standing partnership</h2>
<div class="lb-trans"><h2>长期合作关系</h2>
</div><p>In February 2019, Rivian announced a $700 million investment round led by Amazon. That was more than two and a half years before the EV company went public. What was Amazon's reason behind this move? The e-commerce leader has a massive logistics network, including a fleet of vehicles and delivery drivers. By using EVs for transport and deliveries, the company might reduce fuel (and other) expenses.</p>
<div class="lb-trans"><p>2019 年 2 月，Rivian 宣布了一轮由亚马逊主导的 7 亿美元投资。这是在这家 电动汽车公司 上市前的两年半多。亚马逊这样做的原因是什么？这家电子商务领导者拥有庞大的物流网络，包括一支车辆和送货司机的车队。通过使用电动汽车进行运输和配送，公司可能会降低燃料（和其他）费用。</p>
</div><p>That's why it made sense for Amazon to help fund a company like Rivian capable of providing the EVs it needs. Rivian has done exactly that. Amazon now has over 30,000 electric delivery vans on the road, provided to it by its partner. The cloud computing specialist plans to get to at least 100,000 by 2030. Amazon now owns roughly 158.36 million shares of Rivian, making it one of its largest shareholders.</p>
<div class="lb-trans"><p>这就是为什么亚马逊帮助资助像 Rivian 这样的公司是有意义的，因为它能够提供所需的电动汽车。Rivian 正是这样做的。亚马逊现在在路上拥有超过 30,000 辆电动送货车，都是由其合作伙伴提供的。该 云计算专家 计划到 2030 年至少达到 100,000 辆。亚马逊目前拥有大约 1.5836 亿股 Rivian 的股份，成为其最大股东之一。</p>
</div><h2>The retail investing angle</h2>
<div class="lb-trans"><h2>零售投资的角度</h2>
</div><p>Investing in Rivian might have made sense for Amazon, but would it also be a good move for average retail investors? On the one hand, there are good reasons to be bullish on the stock. Rivian's first-quarter financial results were pretty strong. The company's revenue increased by 11% year over year to $1.4 billion. That was despite a slowdown in the EV market in the U.S. during the first quarter.</p>
<div class="lb-trans"><p>投资 Rivian 对亚马逊来说可能是明智的，但对普通零售投资者来说，这也是一个好选择吗？一方面，有充分的理由对这只股票持乐观态度。Rivian 第一季度的财务结果相当强劲。公司的收入同比增长 11%，达到了 14 亿美元。尽管美国电动汽车市场在第一季度出现放缓，但仍然取得了这样的成绩。</p>
</div><p>Further, Rivian is launching its new model, the R2. This is especially important since the R2 is a mass-market model with a much more approachable starting price than its previous vehicles. Rivian is looking to make a dent in the large midsize SUV space. <strong>Tesla</strong>'s ( TSLA +1.18%) Model Y competes in this niche, and it has been the world's best-selling vehicle (EV or not) over the past few years. That's the act Rivian is trying to follow. If it can, expect the company's revenue to soar.</p>
<div class="lb-trans"><p>此外，Rivian 正在推出其新车型 R2。这一点尤其重要，因为 R2 是一款大众市场车型，起售价比其之前的车型更具亲和力。Rivian 希望在大型中型 SUV 市场中占有一席之地。<strong>特斯拉</strong>（TSLA +1.18%）的 Model Y 在这个细分市场中竞争，并且在过去几年中一直是全球最畅销的车型（无论是电动还是非电动）。Rivian 正试图追随这一脚步。如果能够做到，公司的收入将会飙升。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1JJVk4ucG5nJnc9MTI4" alt="Rivian Automotive Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FRIVN.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: RIVN</h2>
<div class="lb-trans"><h2>NASDAQ: RIVN</h2>
</div><p>Rivian Automotive</p>
<div class="lb-trans"><p>Rivian Automotive</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(1.60%) $0.26</p>
<div class="lb-trans"><p>(1.60%) $0.26</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$16.52</p>
<div class="lb-trans"><p>$16.52</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$21B</p>
<div class="lb-trans"><p>$21B</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$16.03 - $16.61</p>
<div class="lb-trans"><p>$16.03 - $16.61</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$11.57 - $22.69</p>
<div class="lb-trans"><p>$11.57 - $22.69</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>31.7M</p>
<div class="lb-trans"><p>3170 万</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>29.8M</p>
<div class="lb-trans"><p>2980 万</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>-441.39%</p>
<div class="lb-trans"><p>-441.39%</p>
</div><p>Then there is Rivian's attempt to reach level 4 self-driving (when cars can drive themselves with no human intervention). The company made a deal with <strong>Uber Technologies</strong>( UBER +1.03%) to provide the ride-hailing giant with a fleet of self-driving robotaxis to be rolled out in various cities starting in 2028. If Rivian meets the timeline outlined in this deal, it could secure up to $1.25 billion in investments from Uber. Just as important, Rivian might establish itself as a leader in the autonomous vehicle market and secure deals with other corporations. That's the bull case for the company, one that could lead to excellent returns if it materializes.</p>
<div class="lb-trans"><p>此外，Rivian 还在努力实现 4 级 自动驾驶（即汽车可以在没有人类干预的情况下自行驾驶）。该公司与 <strong>优步科技</strong>（UBER +1.03%）达成协议，为这家打车巨头提供一支自驾出租车车队，计划于 2028 年在多个城市推出。如果 Rivian 能够按协议中的时间表完成，将可能从优步获得高达 12.5 亿美元的投资。同样重要的是，Rivian 可能会在自动驾驶汽车市场中确立自己的领导地位，并与其他公司达成协议。这是对该公司的乐观预期，如果实现，将带来优异的回报。</p>
</div><p>However, Rivian's shares have declined by 13% this year for a reason: Despite massive upside potential, the stock carries significant risks. The recent slowdown in the EV market may affect the company's launch of the R2, for instance. And although it was able to escape it during the first quarter, it did so because it sold a higher mix of commercial vans during that period, as it continues to fulfill its long-term contract with Amazon. These vans carry a lower average unit price and could eventually squeeze the company's margins.</p>
<div class="lb-trans"><p>然而，Rivian 的股票今年已经下跌了 13%，原因很明显：尽管潜在的上行空间巨大，但该股票仍然存在重大风险。例如，最近电动汽车市场的放缓可能会影响公司 R2 的推出。尽管在第一季度能够逃脱这一困境，但这是因为在该期间销售了更高比例的商业货车，因为它继续履行与亚马逊的长期合同。这些货车的平均单价较低，最终可能会挤压公司的利润率。</p>
</div><p>That's why the R2 is so important, and if its launch flops -- perhaps because of recent weakness in the industry -- Rivian will be in trouble. Further, the company might fail to achieve full self-driving capabilities. That would put its deal with Uber in jeopardy. All these factors (and others) are worth considering before initiating a position in Rivian. My view is that the stock could be a great pick for contrarian investors who are comfortable with volatility -- and there will be plenty of that regardless of which way the stock moves. But risk-averse investors should look elsewhere.</p>
<div class="lb-trans"><p>这就是 R2 如此重要的原因，如果其推出失败——可能是由于行业近期的疲软——Rivian 将面临困境。此外，公司可能无法实现完全的自动驾驶能力。这将使其与优步的协议面临风险。在开始投资 Rivian 之前，所有这些因素（以及其他因素）都值得考虑。我的观点是，这只股票可能是适合那些能够承受波动的逆向投资者的绝佳选择——无论股票如何波动，都会有大量的波动。但风险厌恶型投资者应该寻找其他选择。</p>
</div>

90% of Amazon's Portfolio Is Invested in This EV Stock (Hint: It's Not Tesla)

- 亚马逊以 70 亿美元投资支持 Rivian，助力其电动车交付网络。  
- Rivian Q1 收入同比增长 11%，新车型 R2 或提升市场份额。  
- 但股价下滑 13% 的风险因素包括电动车市场放缓和盈利能力担忧。

Motley Fool

Rivian

Roundhill AMZN WeeklyPay ETF

亚马逊每日 1 倍做空 ETF - Direxion

GraniteShares 2x Long RIVN Daily ETF

Roundhill UBER WeeklyPay ETF

亚马逊每日 2 倍做多 ETF - Direxion

GraniteShares 2x Long AMZN Daily ETF

2 倍做多 UBER ETF - GraniteShares

Tradr 2X Short AMZN Daily ETF

Yieldmax Amzn Option Income ETF

Graniteshares YieldBOOST AMZN ETF

Kurv Yield Premium Strategy Amazon AMZN ETF

2 倍做多 MAG7 指数 ETF - Roundhill

特斯拉

亚马逊 90% 的投资组合都投资在这只电动车股票上（提示：这不是特斯拉）