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Tesla Fires Back At Hostile Proxy Advisory Firms, Rivian's 'Messy' Q2 Warning, Faraday Future Stock Deflates And More: Biggest EV Stories Of The Week
Saturday, June 1, 2024 - 11:03am | 1300Electric-vehicle shares finished the week ending on May 31 on a mixed note, with market leader Tesla, Inc. (NASDAQ:TSLA) recording modest losses. The lackluster market mood amid the release of some weak economic readings contributed to some of the weakness. Here are the key events that happened in...
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Rivian's Mystery Unveiling In March: Will We Finally Get R2 Peek At Laguna Beach Event?
Thursday, January 25, 2024 - 2:41am | 590Rivian Automotive, Inc. (NASDAQ:RIVN), which has weathered its startup birth pangs fairly well, is gearing up to launch its second-generation electric vehicles, codenamed R2. An agenda report from a Laguna Beach City Council meeting in California, home to Rivian’s flagship store “Rivian...
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Rivian Trims Battery Team by Nearly 8% To Focus On R2 Platform, Stays Silent On Reported Layoff Of Lead Cell Engineer
Friday, December 8, 2023 - 4:01am | 575EV manufacturer Rivian Automotive Inc (NASDAQ:RIVN) has reportedly laid off around 20 employees, including key members from its long-range battery cell development team. What Happened: Among those terminated is Victor Prajapati, a former senior manager at Tesla Inc. (...
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Rivian Gets Nod To Start Construction At Georgia Plant That Will Make Its Affordable R2 EVs
Monday, November 13, 2023 - 2:16am | 595Rivian Automotive, Inc. (NASDAQ:RIVN) may have taken one more step toward manufacturing its next-gen, affordable EV models. The Irvine, California-based company reportedly received approval for starting construction of the Georgia plant, which is earmarked for manufacturing more affordable EVs...
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Rivian CEO RJ Scaringe Thinks R2 Will Disrupt Tesla's Hold On $45K-$50K EV Market: 'Incredible Carrot For Suppliers'
Wednesday, November 8, 2023 - 5:11am | 409Rivian Automotive, Inc. (NASDAQ:RIVN) delivered a robust third-quarter performance, surpassing Wall Street expectations, and raised its production outlook for the year. One of the highlights of the earnings call was the discussion surrounding the much-anticipated R2 electric vehicle platform....
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Rivian Vs Lucid: Fund Manager Gary Black Dissects Divergent Tale Of 2 EV Makers After Q3 Results
Wednesday, November 8, 2023 - 1:58am | 681Rivian Automotive, Inc. (NASDAQ:RIVN) and Lucid Group, Inc. (NASDAQ:LCID) reported their quarterly results on Tuesday after the closing bell. The two electric vehicle manufacturers had differing outcomes, leading to divergent stock performances in after-hours trading. What...
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Rivian's Stock Ahead Of Q3 Report: Will Narrower Losses Drive Investor Confidence?
Tuesday, November 7, 2023 - 4:18am | 944Electric vehicle startup Rivian Automotive, Inc. (NASDAQ:RIVN) is set to announce its third-quarter results on Tuesday after the market closes. Q3 Expectations: Analysts expect a narrower loss of $1.32 per share, compared to last year’s loss of $1.57 per share. The Irvine,...
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Rivian CEO RJ Scaringe Reveals Big Question Jeff Bezos Had Before Amazon Picked Up Stake In EV Startup: 'Do We Understand The Chessboard?
Friday, October 13, 2023 - 2:43am | 623Rivian Automotive, Inc. (NASDAQ:RIVN) CEO R.J. Scaringe recently discussed his relationship with billionaire and Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos. What Happened: Scaringe revealed that he and Bezos quickly developed a strong rapport upon their introduction to...
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Elon Musk's 'Puff-Yourself-Up' Style Vs. R.J. Scaringe's 'Quiet' Approach: Rivian CEO Says 'We Let The Products Do A Lot Of The Speaking'
Thursday, October 12, 2023 - 9:50am | 567Rivian Automotive, Inc. (NASDAQ:RIVN) has emerged as the most promising U.S. electric vehicle startup, and its CEO, R.J. Scaringe, has led the Irvine, California-based company well through its early stages. In a recent interview with GQ, the executive clarified the general perception about his...
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Tesla Stares At Q3 Deliveries Miss, Rivian Not Losing Sleep Over Cybertruck, Nio's Rumored German Tie-Up And More: Biggest EV Stories Of The Week
Saturday, September 30, 2023 - 10:53am | 1299Electric vehicle stocks ended mostly higher in the week that ended on Sept. 29, even as the broader market showed muted sentiment despite the oversold levels. Tesla, Inc. (NASDAQ:TSLA) stock bounced around its recent bottom and yet closed slightly higher for the week. Here are the key events that...
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Rivian CEO Scaringe Thinks It's Great That Tesla Cybertruck Exists, But There's Not 'A Lot Of Overlap' With Customers
Wednesday, September 27, 2023 - 8:48am | 562Rivian Automotive, Inc. (NASDAQ:RIVN), which emerged as the frontrunner in the all-electric pickup truck race, isn’t worried about a rival offering from Tesla, Inc. (NASDAQ:TSLA) landing soon. Cybertruck Competition: "If you were to think of the Venn diagrams with customers, there’s...
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Tesla Analyst Says Rivian Potential Survivor As Elon Musk Warns Of Tough 12 Months For Auto Industry
Wednesday, May 17, 2023 - 4:41am | 407Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk repeated his dire warning about the economy in an interview with CNBC's David Faber on Tuesday. What Happened: Raising Fed rates is like break pedal on the economy, Musk said, adding that higher interest rates would make everything costlier. He reiterated his...
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Elon Musk Hints At 'Epic' Q4 After Revenue Miss, GM's Pricey Cadillac Celestiq Draws Flak, Automakers To Double Down On EV Spending And More: The Week's Biggest EV Stories
Saturday, October 22, 2022 - 9:01am | 841As the market staged a rebound, helped by a positive start to the earnings season, most electric vehicle stocks advanced in the week ended Oct. 21. The week’s EV news flow was headlined by market leader Tesla, Inc.’s (NASDAQ: TSLA) earnings report. Here are the key events to bring EV...
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Is The Rivian Recall Just A 'Speed Bump' For The Amazon-Backed EV Company?
Monday, October 10, 2022 - 1:36pm | 684Rivian Automotive Inc (NASDAQ: RIVN) shares ran into a speed bump Monday morning after the company announced a voluntary recall of most of its EVs. What Happened: According to a letter CEO R.J. Scaringe sent to customers late Friday, Rivian ...
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Next Only To Elon Musk's $10B, This EV Executive Beat Apple's Tim Cook To Take Highest Pay Home In 2021
Sunday, August 21, 2022 - 11:19pm | 638Tesla Inc (NASDAQ: TSLA) CEO Elon Musk remained the highest-paid executive of a publicly listed company for the fourth year in a row in 2021, according to the Bloomberg Pay Index. Just below him was the head honcho of a rival electric-vehicle firm still navigating its way out of...