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Shares of Rivian Automotive Inc. plunged 21 percent Monday as some early stakeholders got their first chance to unload shares.
Ford Motor Co. is reportedly selling 8 million of its shares in Rivian at a discount, sending shares of the electric-pickup maker sinking. Rivian's stock had already… ....
With $10.5 billion raised from backers including Amazon and Ford Motor Co., an established factory in Illinois and thousands of reservation holders for its R1T truck and R1S sport utility vehicle, Rivian is among the most serious competitors lining up to take on Tesla. ....