Rivian CEO and founder RJ Scaringe addressed the current state of the electric vehicle (EV) market and competition with Tesla in a recent interview with Nilay Patel, editor-in-chief of The Verge. Scaringe emphasized the lack of choice in the sub-$50,000 EV market as a primary reason for the perceived slowdown in EV sales. “What I […]
Rivian’s stock increased on Tuesday after the electric vehicle manufacturer reported quarterly delivery figures that significantly surpassed forecasts. The California-based company announced it delivered 13,790 vehicles in the second quarter, representing a 9.1% increase from the same period last year. This total exceeded the FactSet consensus estimate of 12,000 EVs by a margin of 14.9%, […]
Rivian Automotive and Volkswagen Group have announced plans to form a joint venture to develop next-generation software-defined vehicle (SDV) platforms. The partnership aims to enhance the software technology in both companies’ future electric vehicles. Volkswagen will make an initial investment of $1 billion in Rivian, with up to $4 billion in additional funding, bringing the […]
Rivian has unveiled the second generation of its flagship vehicles, the R1S SUV and R1T pickup. These new models feature advanced performance capabilities, an evolved tech platform, and updated designs, with prices starting at $69,900 USD. The latest versions of the R1S and R1T have undergone significant reengineering, incorporating hundreds of hardware improvements, performance upgrades, […]
Rivian has achieved a significant milestone, producing 100,000 cars, as it surpassed Q1 delivery expectations despite concerns over the electric vehicle (EV) sector’s growth. The company delivered 13,588 vehicles in the first quarter ended March 31, outperforming the forecast of 12,415 units by 16 analysts from Visible Alpha. This growth was driven by strong demand […]
Rivian owners can now access select Tesla Superchargers in the U.S. and Canada, expanding the availability of charging for owners of the former’s electric vehicles. Tesla announced on Monday, “Select Superchargers now available for Rivian owners,” directing owners to “Download the Tesla App to charge,” by clicking here. At the end of February, Tesla shared […]
Yesterday, Rivian unveiled the next electric line up in its pipeline, the new R2, alongside the R3 and R3X. In less than 24 hours, Rivian CEO RJ Scaringe said on Friday that over 68,000 R2 reservations have taken place. Customers are able to reserve by placing a refundable $100 US ($150 CAD) deposit. “Overwhelmed by […]
Rivian R3 Rivian wasn’t done today by just revealing the R2, but it also unveiled the R3 and R3X, smaller versions of the former. “R2 is just the beginning. Say hello to R3,” said Rivian. Check out photos below: But Rivian wasn’t done there. The R3X was revealed as well. “We designed R3X for maximum […]
Rivan has revealed its R2 electric SUV today, confirming some previously leaked specs. The R2 can go from 0-60 in under 3 seconds and offer up to 300+ miles of range, while offering seating for five people. Rivian says deliveries are expected to begin in the first half of 2026, which is two years from […]
Speculation surrounding Rivian’s upcoming electric vehicle, the more compact R2 SUV, intensified after a leak on their website Monday evening, as reported by Chris Hilbert. The anticipated R2, set to be officially unveiled on March 7, has seen key specifications and pricing details leak on Rivian’s own website, before the info was taken down. The […]
Tesla announced yesterday Ford was the first company to access Tesla Superchargers, with more to come. After the announcement by Ford, which is giving out free adapters for owners of its Mustang Mach-E and F-150 Lightning, Rivian explained its timeline for joining the Tesla Supercharger network. “Supercharger access is coming to Rivian – that’s 15,000 […]
Rivian disclosed a reduction of its workforce by 10% and projected an annual electric vehicle (EV) production number that fell significantly short of expectations. The lowered forecast is attributed to necessary factory upgrades and a deceleration in EV demand influenced by rising interest rates. Post-market trading saw Rivian shares decline by approximately 17% following the […]
Rivian has made a significant recruitment coup by hiring DJ Novotney, a distinguished Apple veteran. Novotney, who played a pivotal role in developing Apple’s home devices and the initial efforts for an electric vehicle, will join Rivian as the Senior Vice President of Vehicle Programs. This move highlights another major departure from Apple, who recently […]
Rivian is apparently set to roll out a range of new subscription-based services for its fleet, including the R1S and RCV models. This update was shared by Reddit user u/ddd1330 on Wednesday, who is involved in acquiring multiple vehicles from Rivian for their company. According to the information provided, these additional services will require a […]
Rivian experienced a nearly 10% drop in its share value in early trading on Tuesday, following a report of increased vehicle production but a decline in deliveries for the fourth quarter. The electric vehicle (EV) manufacturer delivered 13,972 vehicles from October through December, marking a 10.2% decrease from the third quarter of 2023. However, these […]
