Ford Should Sell Overvalued Rivian Stock in 2022
In conjunction with the investment, Ford announced plans to build an electric vehicle (EV) based on Rivian's vehicle platform. As a financial investment, the Rivian stake has generated a huge windfall for Ford. With Rivian stock trading at an extraordinarily high valuation for a glorified start-up -- even after a sharp pullback from its November peak -- Ford should look to sell its Rivian shares in 2022.