A fierce battle is raging between traditional carmakers and upstarts like Tesla to get the early lead in the electric vehicle race. Ford Motor Co. may hold the trump card though: a 12% stake in electric vehicle maker and Amazon-backed Rivian.
“We’re really excited about Rivian; it’s a great American company,” Ford CEO Jim Farley told CNBC’s Jim Cramer on the first edition of “Cramer’s Investing Club” on Thursday. “You can argue about what it’s worth versus what Ford is worth, but I really like...