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Rivian Drops 5.2% In Premarket Trading After Disappointing Vehicle Delivery Outlook
Friday, February 21, 2025 - 7:59am | 602Rivian Automotive (NASDAQ:RIVN) shares are down 5.2% in pre-market trading on Friday after the company said that it expects to deliver between 46,000 and 51,000 vehicles in 2025, less than the 51,579 deliveries reported in 2024. What Happened: The company said that it expects deliveries to be about...
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MKBHD Joins Guessing Game After Rivian Teases 'Mirage' Event For Feb. 19: What's Going On?
Wednesday, February 12, 2025 - 4:12am | 707California-based EV startup Rivian Automotive (NASDAQ:RIVN) on Tuesday released a series of teaser images, accompanied by the message “a mirage takes shape Feb 19.” What Happened: The teaser images feature tire marks on the sand and also an image of the underside of a vehicle. One of...
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Rivian Expands Illinois Factory As It Gears To Start Production Of R2 SUV
Saturday, February 1, 2025 - 4:58am | 514EV startup Rivian Automotive Inc. (NASDAQ:RIVN) is expanding its factory in Illinois as it gears up for the start of production of its new R2 vehicle. What Happened: “R2 expansion moving quickly!,” Rivian CEO RJ Scaringe said in a post on X, formerly Twitter. The CEO’s post was...
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Rivian Says It Is On Track For 2024 Delivery Targets Despite Production Challenges
Friday, November 8, 2024 - 7:45am | 453Rivian Automotive (NASDAQ:RIVN) said on Thursday after market close that it is on track to turn a gross profit in the fourth quarter despite a production disruption flagged earlier this year. What Happened: The EV maker on Thursday also reaffirmed its 2024 delivery outlook of 50,500 to 52,000...
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Rivian Or Lucid: Which Of The Two Loss-Making EV Startups Is Solving Cash Burn?
Tuesday, August 27, 2024 - 8:35am | 851Rivian Automotive Inc. (NASDAQ:RIVN) and Lucid Group Inc. (NASDAQ:LCID) are two EV startups that share a lot of similarities. Both are based in California, have made compelling EV products, are eyeing expansion of their addressable market with cheaper offerings, and are – all this while...
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Rivian Kicks Off Months-Long Promotional Roadshow With Upcoming R2 SUV, R3X Crossover
Friday, August 9, 2024 - 8:36am | 535California-based EV startup Rivian Automotive (NASDAQ:RIVN) on Thursday announced that its upcoming vehicles are out for a promotional roadshow, starting from Pasadena. What Happened: The roadshow will have both Rivian’s upcoming R2 SUV and R3X crossover. The two vehicles will travel to...
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Rivian Reports 'Well Over' 100K R2 Reservations Ahead Of 2026 Launch
Tuesday, July 23, 2024 - 11:55am | 536Electric vehicle company Rivian Automotive Inc (NASDAQ:RIVN) shared a new vehicle reservation milestone for the highly anticipated R2 SUV coming in 2026. What Happened: Rivian unveiled the R2 SUV in March as a sub-$50,000 electric vehicle set to help the company increase deliveries and demand and...
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Rivian CEO RJ Scaringe Pegs Slowdown In EV Sales To 'Truly Extreme' Lack Of Choices Under $50K Due To Automakers 'Unfortunately' Replicating Tesla Model Y's Design: 'That's Very Different From The Internal Combustion Space'
Tuesday, July 23, 2024 - 8:39am | 593Tesla Inc.’s (NASDAQ:TSLA) rivals have replicated its Model Y in a bid to develop cheaper EVs, resulting in a lack of choice for customers in the U.S. EV market looking for cheaper electric vehicles, according to Rivian Automotive (NASDAQ:RIVN) CEO RJ Scaringe. What Happened: The slowdown in...
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Rivian In 'Right Place/Time' With Product, Strategy; Can Be 'Long-Term Winner': 4 Analysts Size Up Q1 Results, EV Company's Future
Wednesday, May 8, 2024 - 12:23pm | 685Electric vehicle company Rivian Automotive (NASDAQ:RIVN) reported first-quarter financial results that were mixed with revenue beating analysts' estimates and earnings per share missing the consensus estimate. Here's what analysts were saying about the result and the company's future. The Rivian...
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Rivian Aims To Churn Out 215K EVs From Illinois Factory, With R2 Leading Charge, And Save Over $2B
Wednesday, May 8, 2024 - 6:30am | 474EV maker Rivian Automotive Inc (NASDAQ:RIVN) said on Tuesday that it intends to increase annual production capacity at its Normal, Illinois, manufacturing plant to 215,000 vehicles, including 155,000 units of its upcoming R2 SUV. What Happened: Rivian was initially planning to manufacture its R2...
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Rivian Q1 Earnings Highlights: Revenue Beat, EPS Miss, Vehicle Guidance Reaffirmed
Tuesday, May 7, 2024 - 4:38pm | 499Electric vehicle company Rivian Automotive (NASDAQ:RIVN) reported first-quarter financial results after market close Tuesday. Here are the key highlights. What Happened: Rivian reported first-quarter revenue of $1.20 billion, which beat a Street consensus estimate of $1.16 billion according to data...
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Rivian Q1 Earnings Preview: Analyst Estimates, R2 Update, Key Production Focus Areas
Monday, May 6, 2024 - 5:32pm | 632Electric vehicle company Rivian Automotive (NASDAQ:RIVN) will report first-quarter financial results after market close Tuesday. Here are the earnings estimates, what analysts are saying and key items to watch. Earnings Estimates: Analysts expect Rivian to report first-quarter revenue of $1.16...
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R1 Owners Rejoice: Rivian Grants You Priority Access For Second-Gen EV
Wednesday, March 20, 2024 - 3:34am | 428California-based EV maker Rivian Automotive (NASDAQ:RIVN) said on Tuesday that existing Rivian customers will receive priority delivery of its second-generation EV in 2026. What Happened: “Become an R1 owner today and receive priority delivery of R2,” Rivian wrote on X, formerly Twitter...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Friday, March 15, 2024 - 10:50am | 1028Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless...
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Rivian CEO RJ Scaringe 'Overwhelmed' As 68K R2 Reservations Pour In Within 24 Hours
Saturday, March 9, 2024 - 12:31am | 540California-based EV maker Rivian Automotive (NASDAQ:RIVN) unveiled its new R2 SUV and showcased its upcoming R3 crossover at an event at Laguna Beach on Thursday and there are already over 68,000 reservations for the five-seater SUV. What Happened: “Overwhelmed by the wonderful...