Rivian Automotive narrowed its 2024 adjusted loss forecast and reduced 2026 capital spending plans, while reconfirming delivery targets. The EV maker reported stronger-than-expected Q2 revenue and a gross profit, driven by increased vehicle deliveries and software services.
Two Volkswagen engineers face securities fraud charges for allegedly using insider information to profit over $300,000 from Rivian stock ahead of a joint venture announcement, undermining market fairness.
Rivian has filed a lawsuit against the U.S. government, U.S. Customs and Border Protection, and its commissioner, seeking a full refund on tariffs paid under President Trump's "Liberation Day" taxes, which the Supreme Court later deemed unconstitutional. The automaker expects tens of millions in refunds while rolling out its R2 SUV.
Rivian announced plans to raise capital by selling ~75 million shares, surprising investors and causing the stock to drop. The author argues this is a necessary move for manufacturing and believes the dilution is minor, presenting a potential buying opportunity.
Petróleo Brent e WTI sobem 2,6% com cotações a US$ 76,09 e US$ 72,25, respectivamente. Mercados asiáticos apresentam desempenho misto, com bolsas chinesas em alta impulsionadas por ações de tecnologia e IA, enquanto Tóquio, Seul e Austrália registram quedas.
美國電動車新創Rivian宣布將公開發行7500萬股A類普通股，市場擔憂股權稀釋，股價週二（7日）重挫18%，創下2024年以來最大單日跌幅。此次增資預計募得約15.1億美元，用於履行與美國能源部貸款協議相關的股權出資承諾。
Rivian's stock dropped 18% in extended trading after the EV maker announced a public offering of 75 million shares to raise approximately $1.51 billion. The funds will support a loan agreement with the U.S. Department of Energy. The offering follows Rivian suspending its 2027 profitability target and precedes the launch of its new R2 SUV.
Rivian's stock fell over 15% after announcing a public offering of 75 million shares to raise approximately $1.51 billion. The funds will support a loan agreement with the U.S. Department of Energy. The offering follows Rivian suspending its 2027 profitability target and precedes the launch of its new R2 SUV.
Rivian's stock fell nearly 15% Tuesday after the EV maker announced a public offering of 75 million shares, aiming to raise approximately $1.51 billion. The funds will support equity contributions for a U.S. Department of Energy loan agreement. This move follows Rivian suspending its 2027 profitability target and comes as the company launches its new R2 SUV.
Rivian Automotive stock fell over 10% after announcing a public offering of 75 million shares to raise approximately $1.51 billion, intended for U.S. Department of Energy loan equity contributions. This follows a previous stock rally and comes amidst increased R&D spending and the launch of its new R2 SUV.
Rivian Automotive's stock fell over 10% in premarket trading Tuesday following the announcement of a public offering of 75 million shares. The company aims to raise approximately $1.51 billion to fund equity contributions for a loan agreement with the U.S. Department of Energy.
Tesla's strong sales figures were met with a stock decline, signaling its valuation may be fully priced in. Meanwhile, smaller competitor Rivian has launched the R2 SUV, directly challenging Tesla's dominant Model Y in the mid-market segment. Despite Rivian's smaller scale and unprofitability, its new offering and a consumer trend indicator suggest a shift in the EV landscape.
Rivian has increased its 2024 vehicle delivery forecast to 65,000-70,000 units, up from 62,000-67,000, despite a slowdown in U.S. EV sales. The company attributes this to strong second-quarter performance and the introduction of its mass-market R2 SUV.
Rivian Automotive raised its 2026 delivery guidance after exceeding Q2 expectations, while Lucid Group missed Wall Street forecasts and announced a leadership team shakeup, including a new CFO. Tesla also reported strong Q2 deliveries.
A tornado directly hit Rivian's EV factory in Normal, Illinois, causing significant structural damage and flooding, just days before production of the critical R2 model was set to begin. This incident exacerbates Rivian's existing financial struggles and the broader challenges facing the electric vehicle market, making the R2's success a make-or-break moment for the company.
Rivian CEO RJ Scaringe warns carmakers prioritizing fossil fuel profits risk falling technologically behind by the decade's end, emphasizing critical investments in EV software. He notes many US and European firms have delayed EV transitions, with some writing off billions, while Rivian focuses on digital tech and its new R2 SUV.
Elektrikli araç üreticisi Rivian, ilk araçlarındaki otonom sürüş yeteneklerinin eksikliği nedeniyle ABD'de toplu davayla karşı karşıya. Davacılar, şirketin pazarlama dilinin yanıltıcı olduğunu ve sunulan teknolojinin vaat edilen seviyede olmadığını savunuyor.
Rivian faces a class action lawsuit alleging misleading statements about the self-driving features of its R1T and R1S models. Plaintiffs claim first-generation vehicles lack the necessary hardware for advertised Level 3 autonomous driving.
Rivian faces a class action lawsuit alleging the EV maker made false claims about the hands-free driving capabilities of its first-generation R1T and R1S models. The suit claims Rivian falsely promised its Driver+ system would be standard, despite knowing Gen 1 vehicles couldn't achieve Level 3 autonomy.
Rivian confirmed layoffs affecting less than 2% of its workforce, impacting service and customer teams, just a week after starting R2 SUV deliveries. This is the fourth round of cuts in 2024, aimed at boosting efficiency as the company pushes back its profitability goal.
EV maker Rivian announced Tuesday it is laying off hundreds of employees, less than 2% of its workforce, to help narrow losses. The move comes a week after the launch of its new R2 SUV, which the company hopes will lead to profitability.
News roundup covering the Rivian R2's potential market impact, the controversial design of the electric Ferrari Luce, Tesla's robotaxi crash details, new EU regulations for breathalyzers in vehicles, and advancements in AI PCs and high-tech fans.
Rivian CEO RJ Scaringe plans to integrate humanoid robots into the company's manufacturing workforce, envisioning them as "colleagues" working alongside humans. He also founded Mind Robotics, a separate company focused on developing these robots, which has raised over $1 billion and will have Rivian as a launch customer.
A collection of automotive news including Rivian's new R2 model, GM's vehicle-to-grid technology, the controversial design of the Ferrari Luce EV, Tesla's Autopilot safeguards being bypassed, and NYC and LA teaming up to advocate for EVs.
