Ford Motor Co. CEO Jim Farley tells Bloomberg Technology that Ford will not be selling its $8 billion stake in Rivian, at least not right now. He made it clear that Ford is leaving all its options open for the time being. Farley certainly had plenty to share related to Tesla, Elon Musk, charging networks, commercial EVs and the upcoming F-150 Lightning.
Ford's Farley has been in the news often of late. This is primarily due to the automaker's impressive EV push, which continues to seem even more impressive every time Farley talks about Ford's future. In fact, while Ford hasn't yet launched its F-150 Lightning, its market cap soared to $100 billion for the first time ever.
The CEO says Ford is diving into software and physical services, which it has never really focused on in the past. He adds that customers have been begging for this for years, and now is the time. He's talking specifically about financing and EV charging, among other related items.
