Shares of Ford Motor Company (F) plunged 8% yesterday, after the automobile maker disclosed certain items, which are deemed to impact its fourth-quarter and FY21 results. Although the net impact is positive, the one-time nature of these items is a cause of concern for the investors. Shares closed down 7.9% at $22.45 on January 19. Ford’s Rivian Stake Ford has an equity investment in electronic vehicle automaker Rivian Automotive, Inc. (RIVN). In Q1FY21, Ford recorded a gain of approximately $900 million from its Rivian investment. But post Rivian’s IPO on November 10, 2021, Ford will have to reclassify the gain as a one-time post-tax special item.
https://www.tipranks.com/news/ford-discloses-special-items-impacting-q4-results-8-2b-gain-from-rivian-stake?utm_source=advfn.com&utm_medium=referral