Rivian (RIVN) Pauses Mercedes Deal, What Chinese E.V. Makers Could Challenge Tesla (TSLA)

Rivian (RIVN) pauses deal with Mercedes-Benz to make electric vans in Europe. Steve Westly discusses this, and says it's a smart move to focus on consumer business and Amazon vans. He notes that growth is not a top priority for E.V. makers now. He talks about how this move is all about survival in the face of inflation, supply chain issues, and recession. He then goes over the outlook for Tesla (TSLA) following a recent sell-off, and why other E.V. newcomers won't survive. Finally, he mentions why Chinese E.V. makers could challenge TSLA. Tune in to find out more about the stock market today.