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Rivian CEO Downplays $7,500 EV Tax Credit Concerns: 'Not A Political Thing'
Tuesday, January 28, 2025 - 1:17pm | 663Rivian Automotive (NASDAQ:RIVN) CEO RJ Scaringe is brushing off concerns that Donald Trump’s proposed elimination of the $7,500 EV federal tax credit could mark the end of electric vehicles. While Scaringe believes his company is positioned well for the future of EV growth, he warns that the...
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Rivian CEO Warns Legacy Automakers Against Underinvesting In EVs In Light Of Trump's Policy Shift: 'Big Miscalculation For Long Term'
Saturday, January 25, 2025 - 1:06am | 566Rivian Automotive (NASDAQ:RIVN) CEO RJ Scaringe reportedly said on Thursday that he expects policy shifts under the Trump administration to create “small speed bumps” for all EV makers in the near term but warned legacy automakers to not underinvest in electric vehicles. What Happened...
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Amazon Has 20,000 Rivian Electric Delivery Vans In Fleet: Here's What Could Be Next For Both Companies
Thursday, December 19, 2024 - 2:04pm | 680Amazon.com Inc (NASDAQ:AMZN) and Rivian Automotive (NASDAQ:RIVN) have been partners in an electric delivery van deal since the EV company went public in 2021. Here's a look at the recent milestone hit and what's next for both companies. What Happened: Amazon partnered with Rivian, a company it...
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Tesla Has Best EV Under $50K, Rivian CEO Says In Praise Of Rival: 'It's A Great Brand'
Wednesday, November 27, 2024 - 11:43am | 592The Tesla Inc (NASDAQ:TSLA) Model Y is gaining new praise from the head of a rival automaker. What Happened: The Tesla Model Y passed several milestones over the last year as the vehicle became the bestselling vehicle globally in 2023 and the top-selling electric vehicle of all time. While the...
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Rivian CEO, Tesla Exec Slam Restrictions On Direct-To-Customer Sales: RJ Scaringe Says It Is 'As Close As You Can Get To Corruption'
Tuesday, November 26, 2024 - 4:09am | 480Tesla Inc. (NASDAQ:TSLA) executive Sendil Palani on Saturday termed the company’s direct-to-customer sales model as “an enormous challenge” hindered by laws of different states. What Happened: “Tesla has been pursuing the direct-to-consumer model for two decades, and it has...
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Rivian R2 Road Tour Heads To Detroit, Chicago, Los Angeles, And More
Tuesday, November 19, 2024 - 1:03pm | 802Rivian Automotive (NASDAQ:RIVN) has announced more stops on its R2 Road Tour to bring the R2, R3 and Gen 2 R1S and R1T vehicles to the public for test drives and demonstrations ahead of R2 production starting in the first half of 2026. What Happened: Rivian has said that the R2 will be a "...
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Rivian Q3 Earnings Highlights: Revenue, EPS Miss, CEO Confident In Q4 Gross Profit, R2 Being 'Fundamental Driver' Of Growth
Thursday, November 7, 2024 - 5:35pm | 560Electric vehicle company Rivian Automotive (NASDAQ:RIVN) reported third-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Rivian announced third-quarter revenue of $874 million, which missed a Street consensus estimate of $1.00 billion, according to...
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Rivian's Head Of Manufacturing Tim Fallon Joins European Automaker Stellantis
Wednesday, August 21, 2024 - 5:17am | 433Rivian Automotive (NASDAQ:RIVN) executive Tim Fallon has joined European automaker Stellantis NV (NYSE:STLA) as the head of manufacturing in North America. What Happened: At Stellantis, Fallon will lead North American manufacturing, including electric vehicles, effective Sept. 2, the company said....
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Rivian Expects To Achieve More Favorable Pricing From Suppliers And Future Revenue Opportunities Thanks To Volkswagen JV
Wednesday, August 7, 2024 - 7:11am | 564California-based EV startup Rivian Automotive (NASDAQ:RIVN) is hoping to reap more benefits from its expected joint venture with the German Volkswagen Group in addition to an investment of up to $5 billion. What Happened: “We believe the expected joint venture with Volkswagen Group will allow...
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Rivian Q2 Earnings Highlights: Revenue Beat, EPS Miss, Volkswagen JV To 'Speed Up The Transition Away From Fossil Fuels'
Tuesday, August 6, 2024 - 4:31pm | 574Electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN) reported second-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Rivian reported second-quarter revenue of $1.16 billion, which beat a Street consensus estimate of $1.13 billion...
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Rivian Stock Down 37% YTD: Can Q2 Results, Guidance, R2 Pre-Orders Kickstart Rally For EV Manufacturer?
Monday, August 5, 2024 - 12:41pm | 861Rivian Automotive (NASDAQ:RIVN) will likely share updates on vehicle production guidance, a Volkswagen joint venture and R2 reservations when the company reports second-quarter financial results after market close Tuesday August 6. Earnings Estimates: Analysts expect Rivian to post second-quarter...
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Elon Musk's Optimism Doesn't Rub Off On Investors, Rivian CEO Says R2 Not Model Y Copycat, GM's EV Goals Scaled Back Yet Again And More: Biggest EV Stories Of The Week
Saturday, July 27, 2024 - 11:43am | 1148Electric-vehicle makers’ shares pulled back this week amid the broader market weakness, with market leader Tesla, Inc.’s (NASDAQ:TSLA) earnings not offering any respite. Here’s a rundown on what happened in the EV space during the week: Tesla Posts Mixed Results: Kicking off the...
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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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Elon Musk's Rivian Scepticism Aside, Tesla-Investor Praises R1S Off-Road SUV: 'It's A Great Vehicle'
Thursday, July 18, 2024 - 10:27pm | 631Ross Gerber, a prominent Tesla Inc. (NASDAQ:TSLA) investor, and CEO of Gerber Kawasaki Wealth and Investment Management, has voiced his support for rival electric vehicle manufacturer Rivian Automotive Inc. (NASDAQ:RIVN). What Happened: On Thursday, Gerber took to social media platform X to express...