The transaction follows the sale of 8-million Rivian shares at $26.80 apiece on Monday after selling restrictions on certain insiders and investors ended. Ford had invested $1.2bn (roughly R 19,423,884,000) in Rivian and saw the value of its stake surge in the wake of the EV maker's public debut, the largest in the US last year. Since then, however, Rivian's stock has cratered from a high of $172 in November to touch a low of $19.25 this week.