Rivian

George Soros Deals a Big Blow to Tesla Rival Rivian

George Soros Deals a Big Blow to Tesla Rival Rivian

It’s been a somewhat hectic August for Rivian  (RIVN) .  The startup, which is presented as one of Tesla’s  (TSLA)  most serious rivals in the race for electric vehicles, is currently accumulating setbacks.  The electric vehicle manufacturer has just announced mixed earnings for the second quarter. While the company kept unchanged its forecast to produce …

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What Rivian revealed about its R2 platform in its Q2 earnings call

What Rivian revealed about its R2 platform in its Q2 earnings call

On its Q2 earnings call yesterday, Rivian gave us a glimpse into what we can expect from its newest R2 platform. Rivian is burning through cash as its ramps production of its flagship R1T EV truck model. Rivian posted a $1.7 billion loss in its Q2 earnings, with labor and material costs rising. At the …

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Here are Friday's biggest analyst calls: Rivian, Oracle, Teladoc, Bed Bath & Beyond, Walmart & more

Here are Friday’s biggest analyst calls: Rivian, Oracle, Teladoc, Bed Bath & Beyond, Walmart & more

Here are Friday’s biggest calls on Wall Street: DA Davidson initiates Teladoc as buy DA Davidson said it sees upside for the the telehealth company. “COVID created unprecedented tailwinds for the market, which turned into headwinds; we believe we are now at stable to growing penetration rates for telehealth, and that Teladoc is well-positioned to …

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Amazon hits the road in Chicago and other cities with the first of its 100,000 Rivian electric delivery vans

Amazon hits the road in Chicago and other cities with the first of its 100,000 Rivian electric delivery vans

Amazon is ready to hit the road in Chicago and across the U.S. with the first of its custom-made Rivian electric delivery vans, and a lot may be riding on it for both companies. Rivian CEO and founder R.J. Scaringe and top Amazon executives were on hand Thursday afternoon to unveil the electric vans at …

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Amazon Wants 100,000 Electric Vans. Can Rivian Deliver?

Amazon Wants 100,000 Electric Vans. Can Rivian Deliver?

Nearly three years ago, Amazon announced that it would buy 100,000 custom-made delivery vehicles from Rivian, a fledgling maker of electric vehicles. On Thursday, after some delays, the companies said hundreds of the vans were finally on the road. The battery-powered trucks are crucial to Rivian’s business plan and survival in a very competitive auto …

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Amazon is starting to deliver packages with Rivian electric vans

Amazon is starting to deliver packages with Rivian electric vans

Amazon said Thursday it will begin to start using electric vans developed in partnership with Rivian to make deliveries. Amazon Amazon is beginning to roll out some of the electric delivery vans that it developed with Rivian Automotive, the companies announced Thursday.  In September 2019, Amazon founder and then-CEO Jeff Bezos stood on stage at …

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Rivian and Arrival announce business restructuring, Tesla continues layoffs

Rivian and Arrival announce business restructuring, Tesla continues layoffs

Inflation and global supply chain constraints continue to take their toll on EV automakers, especially those based in the United States. Young automakers like Rivian and Arrival have announced plans to restructure their businesses, hinting at potential layoffs. Meanwhile, EV veteran Tesla has laid off hundreds of employees the past month and continues to do …

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Kris Holt

Rivian CEO tells staff the company is carrying out a ‘major’ cost-cutting effort | Engadget

Electric vehicle maker Rivian is planning a “major” cost-cutting drive and will be “as thoughtful as possible as we consider any reductions,” CEO RJ Scaringe wrote in a memo to employees. Scaringe sent the note in response to reports that Rivian is planning up to 700 or so layoffs, primarily among non-engineering teams. “This is …

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Rivian R1S: Everything You Need to Know About the Electric SUV

Rivian R1S: Everything You Need to Know About the Electric SUV

Before we dive into everything this capable SUV has to offer, you’re probably wondering when you can get one. Well, initially, it had a mid-2021 arrival date shortly after the electric truck, but both got pushed back due to supply constraints and other issues. And while Rivian delivered a few R1S vehicles to reservation holders …

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