Why Ford, JP Morgan Look to Unload Millions of Shares in Rivian
10 May 2022 | Abstracted from Cheddar
"Major investors Ford and JP Morgan Chase are pulling out a large chunk of their stakes in EV maker Rivian -- eight million and 13-15 million shares respectively.Anthony Sassine, CFA, senior investment strategist at KraneShares (commented) "I think Rivian is in the best position out of the small electric vehicle companies right now,..They're very well capitalized. They have the backing of Amazon."
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