Rivian

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. […]

Following the U.S. Senate’s passing of the $430 billion Inflation Reduction Act, one automaker is warning its customers about how they may be affected by new tax credit rules. Rivian posted a page on its website explaining how the Inflation Reduction Act may affect buyer access to the $7,500 federal electric vehicle (EV) credit. While […]

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’s electric delivery vans for Amazon are rolling out across the U.S., according to a press release shared on Thursday. By the end of the year, the companies are looking to deploy the electric delivery vans in over 100 cities across the U.S., with a goal of reaching 100,000 cities in the country by 2030. […]

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 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 […]

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 […]

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, […]

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 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 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 […]

Electric vehicle maker Rivian has announced its Q1 2022 earnings, revealing it produced 2,553 vehicles, while delivering 1,227 of them and generating $95 million in revenue. However, Rivian’s net loss in Q1 was $1.59 billion, compared to $410 million in the year-ago quarter, nearly quadrupling. “Since March 31, 2022, we have been forced to stop […]

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 announced on Monday its second U.S. plant has been approved by the State of Georgia. The electric automaker’s Georgia plant was approved and signed by all parties, which includes the Economic Development Agreement (EDA) between the Joint Development Authority (JDA) of Jasper, Morgan, Newton, and Walton counties, the State of Georgia and Rivian. “The […]

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 […]