https://techcrunch.com/2022/04/27/ford-earnings-weighed-down-by-rivian-stake/

Ford reported Wednesday a multi-billion dollar loss in the first-quarter due to a massive write-off on the value of its stake in Rivian. 

Shares still rose in after-hours trading as investors focused more on Ford’s fundamentals —including beating analysts’ estimates on revenue and adjusted earnings — and not its Rivian holding.