Ford gains $8.2 bn from Rivian investment:
The car giant’s Ford, made an investment into the electrical truck company , Rivian. It is the longstanding rival of Tesla after the debut in November 2021. From many financial advisors, it has been highlighted that Ford should use these funds to their advantage in promoting their cars over Tesla. However, after the new year’s market fluctuations Rivian’s shares have dropped by over a quarter.
Do you think the investment was wise? What should Ford be doing with the monetary advantage?