Does Ford still own shares of Rivian?

How much did Ford lose on Rivian?

For the first quarter, Ford reported a $3.1 billion net income loss that it attributed to a $5.4 billion loss on its investment in Rivian. Ford’s stake was valued at $5.1 billion at the end of March, the Dearborn automaker reported, down from $10.6 billion at the end of 2021.

Why did Ford sell its Rivian stock?

When asked about reasons for sales, Ford told Barron’s in an emailed statement that the company “was to monetize some of the gains” on its Rivian investment. That, of course, is another good reason for the company to sell part of its stock.

Is Ford going to sell Rivian?

Who invested in Rivian?

Amazon invested more than $1.3 billion in Rivian as part of strategic partnership between the two companies.

What happened between Ford and Rivian?

Reasons for Ford’s breakup with Rivian

The two canceled a Lincoln-branded EV in early 2020, citing the pandemic. The complexities of integrating their hardware and software are the reason Ford and the EV maker decided not to proceed with the project mutually.

What electric company did Ford invest in?

The Michigan-based automaker will invest $2 billion in its home state, an investment that will create 2,000 new jobs, Ford said in an announcement. The funds will be used to increase production of the F-150 Lightning electric plckup, built at a factory near Ford’s Dearborn headquarters, to 150,000 trucks per year.

Is Rivian in trouble?

Rivian Cancels Its Most Affordable Vehicles

Quarterly net loss tripled to $1.71 billion from $580 million in the second quarter of 2022. The automaker also said it expected to lose a little more money than initially expected this year.

Who are the biggest investors in Rivian?

Rowe Price Associates is the largest shareholder in the electric car maker with an 18.2% stake, followed by Amazon.com Inc’s 17.7% stake.

Is Rivian expected to go up?

Analyst Estimates for Rivian 2025

Over the next 12 months, the 20 analysts following the stock and offering year-out price targets have a wide range of opinions on the company. Forecasts range from a low of $27 to a high of $83, with a median forecast of $53.20.

How much will Rivian stock be worth in 5 years?

What will be the Rivian Stock price prediction in 5 years? As per the current stock price data analysis of Rivian Stock, RIVN will be expected to reach the highest price of $112.75 in 5 years.

Is RIVN a good stock to buy?

The financial health and growth prospects of RIVN, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

Can Rivian fail?

Given all of the headwinds discussed, does that mean that Rivian is doomed to fail? Probably not. But, Rivian is one of thousands of unprofitable growth companies that have seen their valuations re-rated in the last few months, many of which have seen haircuts of 80% or higher.

Is Rivian going under?

The CEO said: Unless something changes significantly with Rivian and Lucid, they will both go bankrupt. They are tracking toward bankruptcy.

Why is Rivian going down?

Rivian is reeling under intense cost pressures and has struggled to scale up production.

Why is Rivian stock so low?

Rivian’s stock tanked by almost 20% and hit a new low on Monday as the company’s IPO lockup period ended, giving some early investors—including Ford, according to reports—their first chance to sell shares of the electric vehicle startup, which have cratered amid the wider market selloff so far this year.

How high will Rivian stock go?

The average analyst price target is about $942 a share, up about 24% from recent levels. Tesla is trading at roughly 6.8 times estimated 2023 sales. Rivian trades for about 4.6 times that amount. Sales are one thing, earnings are another.