Monday, November 22, 2021

Rivian / Ford Break Up; Ford Will Go It Alone -- November 22, 2021

Rivian:

  • Ford / Rivian break-up; Ford will go it alone; no interest in Rivian partnership;
  • shares fall as much as 17% today
  • Rivian: closed down 8%; down $10; closed at $118
  • continued to fall after hours;
  • Ford, on the other hand, up almost 6%; up $1 for the day; closed at $20.48
  • remember: 
    • Rivian closed well above its opening IPO price; close at $100 on November 10
    • peaked: $172 November 16, 2021
    • plummeted, November 18, 2021: $123
  • today: $118; were early investors played?

Lucid Group (LCID):

  • drops over 7.4%; sheds over $4/share; closes at $51;

TSLA:

  • up 1.74%; up almost $20; closed at $1,156.87.

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