Rivian Q2 Delivers 4,700 EVs and Sees $1.7 Billion Net Loss

Rivian announced its Q2 2022 earnings on Thursday, delivering 4,467 electric vehicles and producing 4,401 for the quarter. The company saw $364 million in revenue, above Wall Street estimates, but posted a $1.7 billion net loss. Compared to the year-ago quarter, Rivian lost $580 million. The company attributed the increase due to higher operating losses. […]

Rivian Software Update 2022.27.02 Release Notes

As Rivian’s R1S and R1T units were delivered to their first customers over the past several months, the automaker has used over-the-air (OTA) updates like Tesla to improve its electric vehicles (EVs) continually. Rivian has begun rolling out its software update version 2022.27.02 on Thursday, as detailed on the automaker’s website. The Rivian software update […]

Rivian and XPEL Offering Paint Protection Film from $1,500

Rivian has teamed up with XPEL, a maker of Paint Protection Films (PPF) for vehicles, to offer affordable paint protection options for its all-electric truck, the R1T (via @itskyleconner). Very reasonable pricing directly from Rivian on PPF pricing in collaboration with @XPEL – This will put a lot of pressure on 3rd party installers. pic.twitter.com/uO6FcpvIaF […]

Rivian Produced 4,401 EVs in Q2, on Track for 25,000 for 2022

Rivian announced that it produced 4,401 vehicles in the second quarter, delivering a total of 4,467 from its Normal, Illinois factory, according to a press release on Wednesday. In the first quarter, Rivian produced 2,553 vehicles and delivered just 1,227, so the Q2 results mark a major improvement for the auto startup — and the […]

Rivian Manufacturing Chief Departs Company

According to a report from BNN Bloomberg, Rivian Automotive is letting its head of manufacturing go as the company shakes up its executive ranks to better separate its commercial business from the retail side. Company CEO RJ Scaringe announced Charly Mwangi’s departure in an internal email. Before joining Rivian, Mwangi worked as an engineering executive at […]

Rivian Launches New Online Reservation System

Earlier this month, Rivian announced during its Q1 earnings that a new pre-order system was coming, and today it has arrived. The new pre-order system separates the reservation and configuration steps, says Rivian. Customers can browse through options but saving a specific build won’t be possible until the time is closer to its build slot, […]

First Look at Rivian R1S Electric SUV [VIDEO]

American YouTuber Jenna Ezarik recently posted a new video giving us our first look at the Rivian R1S all-electric SUV. Rivian delivered the first production units of the R1S to its CEO and CFO back in December of last year. Customer deliveries were delayed, but are expected to begin in June. The company loaned an […]

Rivian Seeing Customer Complaints Over Revised Delivery Timelines

Rivian is still figuring out how its distribution model works best, and recent changes to delivery plans have customer complaints mounting, as detailed in a report from Reuters. One such customer is accountant Jeff Wells in Southern California, who is seeing other R1T deliveries arrive for buyers that purchased years after him, due to a […]

Rivian’s First Recall: Airbags May Not Disable for Kids in R1T Trucks

Rivian recalled 502 R1T electric pickups due to sensors in the front passenger seat not disabling the airbag when a child is present, according to Automotive News. The recall is Rivian’s first safety recall, and the automaker said on Tuesday that the occupant system hadn’t been properly calibrated. In the report, Rivian wrote, “The customer […]

Ford to Sell Off 8 Million Shares from its Rivian Stake: Report

Ford Motor Co. is planning to sell 8 million shares out of its 12% stake in electric truck startup Rivian Automotive — reports CNBC. Ford will sell the shares through Goldman Sachs, sources told the publication. The veteran automaker currently owns a total of 102 million shares in Rivian. The shares will go on sale for […]
Rivian electric cars

Amazon Takes $7.6 Billion Hit on its Rivian Investment in Q1

After Ford announced a $3.1 billion loss on its 12% stake in electric vehicle automaker Rivian yesterday, Amazon has similarly announced a loss from the recent downfall of the carmaker’s stock price. During Amazon’s Q1 earnings on Thursday, the online retailer announced it took a $7.6 billion loss as a result of its $1.3 billion […]