Tesla Stock Reels After Amazon-Backed Rival Rivian Seduces Ford

By CCN: Tesla stock endured another major blow on Wednesday after US auto giant Ford piled $500 million into electric truck manufacturer Rivian, which had already secured a major investment from Amazon. TSLA shares fell 1 percent on the day to $261 and flirted dangerously with a key technical support level at $260. Ford stock (F), meanwhile, rose 0.21 percent to outperform the overall stock market. Ford Bets on Rivian as Tesla Rival Plots to Pummel Model Y Why is this investment from Ford concer