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- Tesla Semi Secures 40-Unit Order from California Freight Firm
- Ford Posts Seventh Straight Month of US EV Sales Decline in AprilÂ
- EV Startup Slate Hires Ford, Lucid Veteran Ahead of Production Start
- BYD Tops Brazil Vehicle Sales in April for First Time
- Tesla’s Data Center, Electronics Supply Chain Chief Exits After 10 Years
Rivian Cuts Every R1S, R1T Lease Trim for May as Demand Pressure Builds
Rivian’s first quarter 2026 financial filing reveals that its flagship EV models — the R1S SUV and R1T pickup — are in a steeper decline than the company’s headline 20% delivery increase suggests.
Rivian Stock Falls After Earnings as Mizuho, Cantor, Evercore, Needham Weigh In
Rivian shares reversed an initial post-earnings rally on Thursday afternoon, after chief financial officer Claire McDonough flagged that R2 launch complexity will negatively impact automotive gross profit in the second and third quarters.
Rivian Expects H2 Deliveries to Nearly Double on R2 SUV and Amazon Vans
Rivian disclosed its first-quarter earnings on Thursday, with the EV maker reaffirming full-year delivery guidance of 62,000 to 67,000 vehicles and signaling a sharp back-loading of volume into the second half as the R2 SUV begins ramping.
Amazon Now 52% of Rivian Auto Revenue, Up From 11% as Vans Accelerate
Rivian disclosed on Thursday that revenue from Amazon climbed to $468 million in the first quarter, accounting for roughly half of its total automotive revenue.
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