Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
EV leader or follower: will Rivian beat this IPO season?
Views 502K Contents 145

$Ford Motor (F.US)$ isn’t just an industry peer — it has dir...

$Ford Motor(F.US)$ isn’t just an industry peer — it has direct ties to its new rival $Rivian Automotive(RIVN.US)$.While we’re used to competition driving markets, companies profiting from the success of their competitors is a strange, new trend. Keeping its stake in Rivian allows Ford to do exactly that, though.While Rivian acknowledged in its SEC filing that Ford’s investment could ultimately lead to a conflict of interest, it does not seem too worried about it in the short term. RIVN stock has been performing well enough that, for now, both companies are able to sit back and enjoy the ride.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
5
+0
2
Translate
Report
4073 Views
Comment
Sign in to post a comment
AI-Powered Insights at a Glance: Crystal-clear earnings reports & vital stock news.
691Followers
13Following
1524Visitors
Follow