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Rivian Spinoff Also Inc. Hits $1 Billion Valuation After Raising $200 Million: Report
Wednesday, July 9, 2025 - 1:10am | 418Also Inc., a micromobility company spun off from Rivian Automotive Inc. (NASDAQ:RIVN), has raised $200 million in funding, taking its post-money valuation to over $1 billion. What Happened: The company raised $200 million through funding from Greenoaks Capital, according to a Bloomberg report on...
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RJ Scaringe Touts $45,000 Rivian R2's Multi-Link Suspension And 'Starfish' Knuckle: 'Can't Wait For Folks…'
Wednesday, May 28, 2025 - 8:32am | 587Rivian Automotive Inc. (NASDAQ:RIVN) CEO RJ Scaringe has shared a sneak peek of the upcoming Rivian R2's rear suspension, ahead of the planned 2026 launch. What Happened: "The R2 multi-link rear suspension includes 5 stamped steel links and uses an isolated rear subframe to deliver incredible ride...
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Rivian CEO RJ Scaringe Says Donald Trump's Tariffs Could Increase Costs By 'A Couple Of Thousand,' Slashes Delivery Projections
Wednesday, May 7, 2025 - 3:59am | 502Rivian Automotive Inc. (NASDAQ:RIVN) CEO and Founder RJ Scaringe warned of potential negative impacts of U.S. President Donald Trump's 25% auto tariffs as company shares fell 1.4% following the earnings call. What Happened: "Customers are hesitant to make large-dollar purchases, and they’re...
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Rivian Holds Firm On $45K Price For Upcoming R2 Despite Tariff Pressures: CEO RJ Scaringe Says It's 'Important For Us' As EV Maker Tops Q1 Estimates
Wednesday, May 7, 2025 - 12:52am | 539Rivian Automotive Inc. (NASDAQ:RIVN) remains committed to its $45,000 starting price for the upcoming R2 electric vehicle despite mounting concerns over global trade tensions and tariffs, CEO RJ Scaringe confirmed during the company’s first-quarter of 2025 earnings call. What Happened:...
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Rivian Q1 Earnings: Double Beat, Record Gross Profit, Delivery Estimates Lowered On Tariff Concerns
Tuesday, May 6, 2025 - 4:32pm | 567Electric 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 $1.24 billion, up 3% year-over-year. The revenue total beat a Street consensus estimate...
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Rivian To Receive $16 Million Incentive As Plans For $120 Million Illinois Supplier Park Take Shape
Tuesday, May 6, 2025 - 7:52am | 561Rivian Automotive Inc. (NASDAQ:RIVN) will receive $16 million in state incentives and tax breaks as the EV maker looks to expand its manufacturing unit in Illinois and build a supplier park. What Happened: The company will receive the incentives from the local government, which includes tax breaks...
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Rivian Q1 Earnings Preview: All Eyes On R2 Launch, Analyst Says 'No Catalysts In 2025'
Monday, May 5, 2025 - 3:47pm | 979Rivian Automotive (NASDAQ:RIVN) will likely focus on the future launch of its R2 vehicle when presenting first-quarter financial results after market close Tuesday. Here are the earnings and revenue estimates, what analysts are saying ahead of the report and key items to watch. Earnings Estimates:...
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Bezos Vs. Tesla Vs. Rivian Stock? Company Backed By Amazon Founder Can Turn $20K EV Truck Into SUV
Friday, April 25, 2025 - 12:12pm | 870Both Rivian Automotive (NASDAQ:RIVN) and Tesla Inc (NASDAQ:TSLA) have new, more affordable electric vehicles on the horizon and that could be what's needed to fight off a new EV startup backed by Amazon.com founder Jeff Bezos. What Happened: Michigan-based startup Slate Auto has been unveiling...
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Tesla's Q1 Delivery Predictions, Trump Tariffs, And China's EV Dominance: This Week In Mobility
Sunday, April 6, 2025 - 10:00am | 601The past week has been a rollercoaster ride for the auto industry, with major headlines revolving around Tesla Inc. (NASDAQ:TSLA), Ford Motor Co. (NYSE:F), General Motors Co. (NYSE:GM), and Rivian Automotive (NASDAQ:RIVN). From Tesla’s anticipated first-quarter delivery...
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Rivian CEO Says US Needs More Under $50K EVs To Catch Up To China: 'You Have To Have The Plumbing Right'
Tuesday, April 1, 2025 - 6:59pm | 674Rivian Automotive (NASDAQ:RIVN) CEO RJ Scaringe didn't hold back at the NVIDIA GTC conference when he shared being upset at how far ahead China is than the U.S. in EV market share. Here's what Scaringe said sets China apart and how the U.S. can catch up. What Happened: Scaringe has positioned...
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Nvidia Stock Reached All-Time Highs After Jensen Huang's CES Keynote — Will Next Week's GTC Spark Another Surge?
Thursday, March 13, 2025 - 3:00pm | 1264NVIDIA Corporation (NASDAQ:NVDA) will likely be one of the top stocks to watch next week. The company's annual GTC conference, often referred to as the Global AI Conference, will take place, and CEO Jensen Huang will once again provide a keynote speech. What Happened: The GTC Conference runs March...
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Rivian Automotive Q4 Earnings Highlights: Revenue Beat, EPS Beat, 2025 Guidance, R2 Update
Thursday, February 20, 2025 - 5:29pm | 576Electric vehicle manufacturer Rivian Automotive reported fourth-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Rivian reported fourth-quarter revenue of $1.73 billion, beating a Street consensus estimate of $1.4 billion according to data from...
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Rivian Q4 Earnings Preview: Profitability Progress, R2 Launch, 2025 Outlook And Key Factors To Watch
Wednesday, February 19, 2025 - 4:29pm | 748Electric vehicle company Rivian Automotive (NASDAQ:RIVN) will likely highlight its improving profitability and upcoming R2 launch when the company reports fourth-quarter financial results after market close Thursday, Feb. 20. Earnings Estimates: Analysts expect Rivian to report fourth-quarter...
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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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Elon Musk Brushes Aside Concerns On Trump's EV Policies: 'Sustainable Transport Is Inevitable … It Can't Be Stopped'
Thursday, January 30, 2025 - 7:21pm | 912Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has turned increasingly political in recent years, a move that may have hurt the brand value of the electric vehicle company. While Musk is OK with supporting President Donald Trump and the end of the $7,500 federal tax credit, the billionaire also has his eyes...