Would Ford Be Worth More If It Shut Down Its ICE Business?
With the recent IPO of Rivian EV stocks have been all the rage. In fact, as of mid last week, the 3 largest US automobile companies by market cap were Tesla, Rivian, and lucid. This is big change from a decade ago when the big three US automakers were considered to be Ford, General Motors, and Chrysler. In this video we look at whether or not its reasonable for Rivian and Lucid, two companies with zero revenue and negative profits, to be worth more than Ford which has its own EV lineup and they have delivered far more EVs to date than either Rivian or Lucid.
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