Tesla Stock Reels After Amazon-Backed Rival Rivian Seduces Ford19.2

By CCN: Tesla stock endured another major blow on Wednesday after US auto giant Ford piled $500 million into electric truck manufacturer Rivian, which had already secured a major investment from Amazon. TSLA shares fell 1 percent on the day to $261 and flirted dangerously with a key technical support level at $260. Ford stock (F), meanwhile, rose 0.21 percent to outperform the overall stock market. Ford Bets on Rivian as Tesla Rival Plots to Pummel Model Y Why is this investment from Ford concerning for Tesla investors? Elon Musk plans to roll out an electric pick-up truck, and Rivian

The post Tesla Stock Reels After Amazon-Backed Rival Rivian Seduces Ford appeared first on CCN

Original source
https://www.ccn.com/tesla-stock-reels-after-amazon-backed-rival-rivian-seduces-ford

Add comment

Please Sign in to be able to leave comments.