Ford's early investment in EV maker Rivian will add $8.2 billion to its Q4 bottom line, the carmaker said late Tuesday.
Ford invested $500 million in Rivian in 2019 -- building that to $1.2 billion in the following years -- and has a total stake of around 12% in the Irvine, California-based EV group.
Rivian shares, once valued at more than $100 billion, closed at $73.16 last night, pegging their market cap at just under $66 billion.
https://www.thestreet.com/markets/fo...ian-investment
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