Around the Net
Rivian Stock Price Drops As Ford Sells Shares
- USA Today, Monday, May 9, 2022 7:19 PM
The bloom may be off the rose for Rivian, once the darling of upstart electric vehicle companies. "Less than two weeks ago, Rivian was responsible for quarterly losses reported by both Amazon and Ford Motor Co., each of which had invested billions only to see Rivian's value crash early this year,” per USA Today. “On Monday, Rivian's stock price tumbled further on a report that Ford was getting rid of 8 million shares in the company.”
