$Tesla (TSLA.US)$ 
Electric vehicle startup Rivian Automotive submitted its S-1 filing last Friday for its initial public offering (IPO). The company is seeking to trade on Nasdaq under the stock symbol "RIVN", with Amazon and Ford each owning over 5% of Rivian's shares.
According to previous media reports, Rivian is seeking to raise as much as 8 billion US dollars, which would mean the company's valuation could reach 80 billion US dollars.
According to the prospectus, in the first half of 2021, Rivian had zero revenue and a net loss of 0.994 billion US dollars; for the full year of 2020, the company's net loss was 1.02 billion US dollars.
Rivian stated in the prospectus: "We are a developmental stage company and have not generated substantial revenue to date. The production and delivery of vehicles began in September 2021."
As of September 2021, Rivian had approximately 48,390 pre-orders for its high-end all-electric R1T pickup truck and R1S SUV in the United States and Canada.
Rivian, short for Rivian Automotive, founded in January 2009, is a U.S. electric vehicle developer headquartered in Irvine, California, with an automobile assembly plant in Normal, Illinois.
The company is dedicated to developing electric versions of trucks and SUVs. The main products are the electric pickup R1T and SUV R1S, with a focus on performance...