Amazon's Surprising Bet on Electric Vehicles: A $100 Billion Gamble In a move that has sent shockwaves through the electric vehicle (EV) market, it has been revealed that Amazon has invested a staggering 90% of its portfolio in a single EV stock. While many may assume that the e-commerce giant's massive bet is on Elon Musk's Tesla, the truth is far more surprising. The company at the center of Amazon's investment strategy is a lesser-known player in the EV space, but one that has been gaining significant traction in recent years. With Amazon's significant stake, the company is poised to play a major role in shaping the future of electric transportation, but what does this mean for investors and the wider market?
90% of Amazon's Portfolio Is Invested in This EV Stock (Hint: It's Not Tesla) The Motley Fool
