Tag: EV stocks

By on May 16, 2022

Rivian

Ford Motor Co. has decided to continue offloading Rivian stock, with the burgeoning electric vehicle manufacturer at roughly $24 per share. After divesting itself of 8 million shares earlier this month, Blue Oval sold another 7 million ahead of the weekend — leaving itself holding about 9.7 percent of the company.

With 86.9 million shares leftover from the sale, Ford remains a relevant stakeholder. However, investors are growing worried that the legacy manufacturer will continue dumping Rivian as a way of salvaging future losses. Ford, which previously owned some 102 million shares in Rivian, endured a massive $3.1-billion loss in its first quarter as the value of its investment in the company slumped. Worse still, investors are souring on tech and EV stocks in general. (Read More…)

Recent Comments

  • Arthur Dailey: I have been driving for nearly 50 years, bought or leased or arranged/negotiated the purchase/lease of...
  • THX1136: The article reminded me of the ad ‘campaign’ that Ford undertook many years back. The tag line...
  • DenverMike: Congrats Lou, except what’s to stop GM from denying your claim if god forbid, your diesel eats itself and...
  • DenverMike: Is that how trolls get off? It makes no sense to the rest of us, but clearly it’s a major malfunction....
  • SaulTigh: Frankly, the internet raised them and that’s the problem.

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