R1S, R1T, R2 and the Adventure Network — Rivian coverage from the factory floor to the trailhead.
Rivian Automotive posted better-than-expected third-quarter earnings Tuesday, reporting a narrowed adjusted loss and positive gross profit for the second time this year. But the electric vehicle maker’s stock surge couldn’t mask the harsh reality waiting just beyond the quarterly numbers: October EV sales plummeted 43% compared to the same month last year, according to automotive…
Rivian CEO RJ Scaringe sent an internal memo to employees Thursday announcing the company’s third workforce reduction in four months, cutting roughly 600 jobs as the electric vehicle maker struggles with collapsed post-tax-credit demand. The carefully worded message emphasized “structural adjustments” for the upcoming R2 launch while conspicuously avoiding the financial crisis threatening the comp
Rivian has agreed to pay $250 million to settle a 2022 class-action lawsuit that accused the electric vehicle maker of misleading investors about vehicle pricing during its blockbuster 2021 initial public offering, according to a court filing Thursday. The settlement arrives at a critical juncture for the struggling EV startup. On the same day it…
Rivian Automotive is laying off approximately 600 employees—roughly 4.5% of its workforce—as the electric vehicle maker faces mounting pressure from the September 30 expiration of federal EV tax credits and a broader slowdown in EV demand. The layoffs, first reported by The Wall Street Journal, mark the third workforce reduction in just four months for…
Rivian‘s micromobility spinoff Also unveiled its first electric bike today alongside a major commercial partnership with Amazon, marking the EV maker’s expansion into urban transportation solutions for trips under 15 miles. Also announced the TM-B electric bike at an event in Oakland on October 22, launching a modular platform that applies Rivian’s software-first approach to…
One paused letter, nine figures on hold. Rivian says NHTSA’s paperwork freeze has iced $100 million in credit deals. Electric truck maker Rivian is bracing for a $100 million revenue shortfall after the Trump administration halted the issuance of compliance paperwork tied to U.S. fuel economy rules. The pause has frozen a regulatory credit market…
Hey EV adventurers, picture this: Your Rivian R2 gliding down the highway with the rear window dropped like a retro 4Runner – spy shots confirm it’s happening, but Rivian’s made some tough calls to keep it affordable. A prototype of the 2026 Rivian R2 electric SUV, spotted testing on U.S. public roads, displayed its dropdown…
Carmakers in the UK have initiated substantial price cuts on electric vehicles to leverage a surge in consumer interest, even as confusion persists over a newly announced government grant program that has yet to fully launch. This move highlights growing frustration among manufacturers with bureaucratic hurdles, prompting them to offer discounts matching or approaching the…
One email. Six stories. Filed each morning before the world is. Read by Tesla owners, Rivian preorder holders, dealer GMs, and the analysts that move EV stocks.
