A series of companies from the US to China decreased in value by half, even Tesla did not "escape" the decline

This week, Amazon and Ford reported that they have lost a combined $12.3 billion in the past three months due to investments in electric vehicle company Rivian. The losses dampened hopes that any electric vehicle company "will inevitably turn to gold." Even Rivian, considered by many auto experts to be the most promising Western electric vehicle start-up, is not immune to the boom and bust cycle unfolding in the electric vehicle market. But experts say this is typical as new industries arise. Rivian's stock has fallen 75% since its initial public offering last year. In November 2021, Rivian was valued…