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Rivian stock shed about 52% of its market cap during the first quarter, bringing the value of Ford’s stake down from $10.6 billion to $5.1 billion.
Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance
Rivian stock shed about 52% of its market cap during the first quarter, bringing the value of Ford’s stake down from $10.6 billion to $5.1 billion.
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