Is it time to worry about Rivian, or has the startup grown from being a partner to a competitor for Ford?
This is not the first time Ford has sold shares of Rivian to recoup some of its losses. In May of 2022,Unlike Tesla, Rivian & Lucid May Be Banned From Sales In Michigan
Amazon, meanwhile, which is another one of Rivian's big corporate investors, has decided to ride out the storm with Rivian; it hasn't sold a single share of its original 18-percent stake in the company and continues to add more units of the all-electric Rivian delivery van to its delivery fleet. It's unknown if Ford will eventually reduce its stake in Rivian to nothing and part ways entirely with the EV startup. Even if they remain connected by Ford's remaining stake, though, these two automakers will inevitably meet on the battlefield of the marketplace, staring each other down with competing EV products.
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