Tesla Stock and Rivian Stock Investors Receive Positive News from Ford

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【Summary】Ford's recent quarterly earnings call contains a positive message for Tesla and Rivian investors, according to Fool.com contributor Parkev Tatevosian.

FutureCar Staff Aug 14, 2023 7:23 AM PT

Tesla Stock and Rivian Stock Investors Receive Positive News from Ford

In a recent quarterly earnings call, Ford (F) sent a message that could have positive implications for Tesla (TSLA) and Rivian (RIVN) investors, according to Fool.com contributor Parkev Tatevosian.

Tatevosian suggests that Ford's message could be seen as a validation of the electric vehicle (EV) market as a whole. This could potentially benefit companies like Tesla and Rivian, who are leaders in the EV space.

While Ford's stock price decreased by 0.66% and Tesla's stock price decreased by 2.21% on August 1, 2023, Tatevosian believes that the long-term prospects for both companies remain positive.

With Ford's message potentially indicating a growing market for EVs, Tesla and Rivian investors may see increased confidence in the future success of their investments.

It is important to note that the stock prices mentioned in this article reflect the afternoon prices on August 1, 2023, and the video discussing this topic was published on August 3, 2023.