Automotive

Ford Sells 8 Million Shares of Rivian

Ford also launched their EV truck 5 seconds ago, so maybe they don't like Rivian's pace anymore.
No items found.

5 Minutes of Fresh Perspective

Reading the daily news doesn't have to suck. Get the email that will make you laugh and keep you informed...for free!
Ford Sells 8 Million Shares of Rivian

Ford Motor sold 8 million shares of EV start-up Rivian stock ahead of the insider's lockup expiration Sunday. Ford will still own 22M shares of the company after the sale. The decision follows a series of ups and downs for Rivian and a profitable Q1 for Ford resulting from their Rivian stake. 

Abandon ship?? Ford is selling through Goldman Sachs, but JPMorgan Chase has a deal in motion to sell another 13-15M shares for an unknown seller.

Check out more!

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.