$Ford Motor (F.US)$ 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
Comment
Sign in to post a comment
Silverbat : May raise legal issues later. The fate of an adopted “donkey” is unpredictable and most probably just a dumb electric and expensive truck, what else?
ecommerceshares OP Silverbat : Then since he invested, he should take the risk