--- title: "Ford Lost $3.1 Billion in Q1 Because Rivian’s Stock Tanked" description: "Rivian shares have fallen 70 percent this year after its wildly successful IPO in November 2021." date: "2022-04-28" modified: "2022-04-28" authors: - name: "Peter Holderith" job_title: "Contributor" link: "https://www.thedrive.com/authors/peter-holderith.md" url: "https://www.thedrive.com/news/ford-lost-3-1-billion-in-q1-because-rivians-stock-tanked" categories: - "Car Tech" - "Electric Vehicles" - "Ford News" - "News" - "News by Brand" - "Trucks" tags: - "Ford" --- # Ford Lost $3.1 Billion in Q1 Because Rivian’s Stock Tanked ![]() *\Rivian\* You might remember that right before the pandemic, Ford and Rivian got [seriously cozy together](). The two automakers planned to collaborate on electric vehicles, and Ford purchased a bunch of Rivian stock; however, the collaboration fell through. Ford kept its position in the fledgling company regardless, and it seemed to be a great deal when Rivian stock [crested to about $180 per share]() back in November of 2021. As it turns out, though, that price was more than a little inflated. Anyone who watches automotive stocks at all will know that Rivian has been taking a legendary beating lately. And by lately, I mean for pretty much the entire year. The electric pickup and SUV manufacturer's shares are currently trading around $32 per at the time of publishing, and since Ford has maintained its stake, it paid the price in Q1. Operating profits of $2.3 billion were totally wiped out by an investment loss of $5.4 billion, putting the Dearborn automaker $3.1 billion in the hole. To be clear, this is not a loss that's been realized by any sale of Rivian shares. It's still technically a loss, though, and one that's sure to hurt. Hindsight is 20-20, but the Blue Oval's stake in the company was once worth $10 billion. Now, its roughly 12 percent stake is worth a fraction of that. Shares of [rival EV manufacturer Lucid]() have likewise fallen to around $19 from a high of roughly $58 earlier this year as well. Other automotive stocks are also down, although not as dramatically as these two. Ford's stock, for instance, has been sliding since a peak in January, although it hasn't lost 70 percent of its value this year like Rivian. For the electric truck maker, things are rocky. Earlier this year, it had to [drastically raise the prices of its vehicles](), which [an ousted executive claims was a premeditated decision](). Just the same, it's producing [far fewer vehicles than people anticipated.]() Rivian's hefty investment from Amazon and [looming deals on the horizon]() mean it's unlikely to go out of business anytime soon, but it certainly needs to get into the swing of things in order to stabilize its stock price. *Got a tip or question for the author? You can reach them here: peter@thedrive.com* ## Author Peter Holderith is a former staff writer for The Drive. He enjoys covering the regular news cycle, writing reviews, and hunting down long features on obscure pieces of automotive history. ### Author social links [LinkedIn]() [Twitter]() ## More - [Q1 Report Lifts Rivian Stock With News of 10,000 More Reservations]() - [Ford Says It Made $8.2 Billion on Rivian Investment in Q4 2021]() - [Ford Dumps Most of Its Rivian Stock as EV Maker Struggles]() - [Ford’s $1.9 Billion Q2 Loss Is Somehow ‘Good News’ Because It’s Not as Bad as Wall Street Expected]() - [Rivian IPO Values EV Startup at Massive $77 Billion Figure]() - [Ford Doesn’t Know Exactly Why It’s Losing Billions of Dollars]() - [Rivian’s IPO Filing Reveals $2.7 Billion Deficit, Nearly 50K Preorders]() - [Tesla Seeks Non-Bailout Bailout With Capital Raise of $2.3 Billion]()