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Saw this today....what is it?

Havoc1

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Ford has lost its ass with Rivian... to the tune of over $5 billion and counting... and Ford just unloaded another 7 million Rivian shares.

I think Ford was even going to do a joint venture to make an upscale Lincoln EV. Pretty sure that got scrapped.

If you think Broncos have problems getting built, Rivian can't even build 1000/mo... when they were supposed to build 40k/year.

What a dumpster fire. It's a shame because it was a very innovative truck... despite a face only a mother could love.
They sold 7 million out of like 130 million shares so it wasn't as big a deal as the media made it out to be. They did lose money but then the stock market in general is red.
I think they are down to close to $80 million shares now...

... and when the stock price started at $78... jumped to $170... and now still hasn't hit bottom at $26... you can see why they are just dumping it.
Ford has also used tactics like this in the past to try and swallow a company.

Rivian did just strike a huge deal with a gov't contract not that long ago. So we'll see how that plays out
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Dmorty217

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Saw a truck version with 30 day tags today. Ugly and starts at $67,5000… no thanks
 

Blitzjb

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Problem is that it had Ford Manufacturing plates on it. Wouldn't it be a Ford?
Ford and Amazon were major investors in Rivian
 

AZ_Liberty

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I've been seeing more and more of the Rivian R1T's on the road in the Bay Area - It's a pretty compelling truck and something I would love to replace our VW Atlas in a few years.
Has some cool features, but just adding a spare tire and any color other than silver takes it over $70k. My new Bronco, plus my wife's new F-150 together are less than that.

It also doesn't fit in my garage so charging would be problematic unless I added an outdoor 240 VAC outlet on a post.
 

BodieMonster

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Has some cool features, but just adding a spare tire and any color other than silver takes it over $70k. My new Bronco, plus my wife's new F-150 together are less than that.

It also doesn't fit in my garage so charging would be problematic unless I added an outdoor 240 VAC outlet on a post.
Yeah, they are not cheap especially after the price hike they had a few months back. I configured one that was north of $100k. Even the F150 Lightning gets expensive quickly if you want the extended range battery. Personally, I'm excited for EV trucks but I'm going to give them a few more years as 500 miles of range will soon be standard and charging times will continue to decrease.
 

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Looks like that's the 2023 4dr bronco code name Sparky.
 

NewBroncoOwner

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Ford has also used tactics like this in the past to try and swallow a company.

Rivian did just strike a huge deal with a gov't contract not that long ago. So we'll see how that plays out
They bid on the new Mail delivery vehicle. I believe NG beat their bid.
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