One of the world’s largest automakers, Ford (NYSE:F), has just upped its game. In a move that may have Tesla (NASDAQ:TSLA) shaking in its boots, the carmaker will invest $500 million in electric-car startup Rivian.
F stock is currently on the rise, up .20% and selling for $9.20 at the time of writing. The same can’t be said for Tesla stock, however; TSLA shares have slumped roughly 8% this week, and this news won’t make matters any better.
Ford to Invest in RivianFord Motors will invest $500 million into Tesla rival Rivian. Based ...
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