Ford sells Tesla-rival Rivian's shares for $188 mn, 2nd sale in days

Ford Motor has sold seven million shares of Tesla-rival Rivian for $188.2 million, or $26.88 apiece, the automaker revealed in a filing. It now holds 86.9 million shares in the electric vehicle maker. Earlier this week, Ford had sold eight million of its shares of Tesla-rival Rivian for $214 million, or $26.80 apiece.