Bad News for Ford Stock and Rivian Stock Investors

By Parkev Tatevosian, CFA – Jul 19, 2023 at 4:00AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$10B

Today's Change

(-0.69%) -$0.07

Current Price

$10.13

Price as of May 16, 2024, 4:00 p.m. ET

Ford is cutting prices on its popular electric truck.

Fool.com contributor Parkev Tatevosian evaluates Ford's latest price-cutting move and what it could mean for Ford (F 0.57%) and Rivian (RIVN -0.69%) investors.

*Stock prices used were the afternoon prices of July 16, 2023. The video was published on July 18, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.