Thanks for that.
You know, the Ford investment in Rivian was interesting. I’m trying to figure if it was two companies engaged in a symbiotic (parasitic?) relationship. Was Ford looking to grab info on EV production from Rivian? And did Rivian let Ford in early as an investor because they couldn’t find cash elsewhere?
Ford has had some really good CFO’s. They leveraged all their properties when rates were really low and the financial crash occurred, so that they avoided government money. Then, they sold off Rivian at a decent level; not at the top, but at a good profit. They needed the cash, probably got the info they needed, and moved on, but Rivian got the start-up cash they needed, along with, possibly, some valuable input on production from Ford.
It’s going to be interesting to see how this all plays out in the next few years. Oil will be interesting too, as EV’s ramp up and people are going crazy for solar right now, as well.
Take care and good luck.
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