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

  • EBFlex: “According to a T-shirt I saw a young man wearing on June 19th at church celebrating the 4th of July...
  • EBFlex: “His keyboard doesn’t have spell- or IQ-check.” “Certainly no IQ check. But probably an...
  • Inside Looking Out: Happy July 4th to all!
  • DenverMike: It’s not just the parking thing. Most Americans simply can’t drive something that big, scared...
  • DenverMike: Unless you were already struggling to feed the beast, yeah a few small changes and you’re good. Yet...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber