Article By:
The Tokenist
Wednesday, June 26, 2024 1:30 PM EDT
Volkswagen's scaling expertise meets Rivian's innovations.
In this article: RIVN
Rivian Q1 Earnings: Revenue Jumps A Whopping 82%
Yes, buy #Rivian now. Bullish on $RIVN
Rivian Could Offer Up To $15 Billion In "Phantom Bonds" To Secure New Georgia Campus
$RIVN should go to $0.2. Bearish
Why Is Ford Terminating Its Joint EV Development Plan With Rivian?
I'm thinking they want to liquidate their $RIVN stock to finance the need to completely retool for EVs. #Ford $F can't easily finance that activity from retail profits anymore, since the ICE lineups will not see good profits. They'll see plenty of losses, though.
Ford's longtime bread and butter lineup of ICE F150's is having the rug pulled out from under it....every Lightning Ford sells is just one less ICE F150 that they could have sold.
Don't get me wrong....that's a good thing, IMO. But I think F150 sales are going to take a massive Mike Tyson-sized right hook to the jaw.
I expect that writing off their ICE product lines, in conjunction with the loss of their ICE lineups, will limit their EV capacity expansion and probably will break this company unless they get a massive cash injection from the Feds.
DISCLAIMER: TSLA and EV bull. GM/Ford bear.