Claire McDonough, the CFO of the electric vehicle manufacturer Rivian, sold 3,210 shares according a Form 4 filing with the Securities and Exchange Commission (SEC) on Friday. The transaction, occurring on May 16, was executed at $10.25 per share, totaling approximately $32,902.
The EV manufacturer Rivian is urging early pre-order holders to finalize their purchase of an R1 model by the end of September or risk forfeiting their grandfathered pricing discount of about $18,000.
At Google's largest developer conference held on Tuesday, attendees were greeted with a sign proclaiming "Experience Google in the car," placed alongside a Rivian R1T model.
At Google's largest developer conference held on Tuesday, attendees were greeted with a sign proclaiming "Experience Google in the car," placed alongside a Rivian R1T model.
RJ Scaringe, CEO of electric vehicle manufacturer Rivian, declined to disclose the order backlog for the R2 model, with deliveries in the US set to commence in early 2026.
The upcoming week can see tariffs on clean-energy goods from China increasing as much as 400 percent. When it comes to the tariffs on electric vehicles manufactured in China, US officials expect to raise the tariff rate from 25 percent to nearly 100 percent, sources told WSJ.
The Biden administration is poised to unveil fresh tariffs on China next week, with a focus on key sectors such as electric vehicles, batteries, and solar cells, diverging from Trump's broad tariff approach.
Donald Trump, the Republican presidential candidate running against Biden in the upcoming presidential election on November 5th, pledged to overturn many of the Biden administration's environmental regulations.
The chief executive said Rivian "doesn't comment on market rumors" adding later that the company's in-vehicle technology gives the automaker "a lot of customer facing strength" while it creates "opportunities for partnership certainly".
The chief executive said Rivian "doesn't comment on market rumors" adding later that the company's in-vehicle technology gives the automaker "a lot of customer facing strength" while it creates "opportunities for partnership certainly".
The Irvine-headquartered EV manufacturer Rivian Automotive published on Tuesday its financial results from the first quarter of the year reporting a revenue of $1.20 billion, beating consensus estimates of $1.16 billion.
Earlier this year, Apple scrapped its plans to launch an autonomous electric vehicle after more than a decade of development and a $10 billion investment, deeming the project unfeasible. However, the story might still have a new chapter.
Volvo Cars announced on Thursday that its Chief Operating Officer (COO) and Deputy CEO, Javier Varela was leaving the company with immediate effect. Today, Rivian announced that Varela is joining as COO starting from August.
As reported earlier today, Rivian received this Thursday a $827M incentive package from the State of Illinois allowing the expansion of its plant in Normal.
This afternoon, Governor JB Pritzker of Illinois will announce a new round of financial incentives for the electric vehicle (EV) manufacturer Rivian, enabling the company to expand its plant in the state.
Amazon published on Tuesday its first quarter financial results reporting better-than-expected revenue and earnings while its Web Services also surpassing analysts' consensus. Amazon disclosed that has received more than 13,500 vans from Rivian which are already in operation in the United States.
Truist Securities analyst Jordan Levy lowered on Wednesday the firm's price target on the EV startup Rivian while maintaining the Hold rating.
Rivian's plant in Illinois has been temporarily closed since April 5 amid the implementation of new technologies and production methods aimed at substantial cost reduction. The factory will re-open tomorrow, the first of May, and an employee working at the plant has shared what we can expect after the upgrade.
Rivian said on Friday the opening of its DC charging network to all compatible electric vehicles "later this year" while unveiling a new fast charger with support for North American Charging Standard (NACS)-equipped vehicles.
The electric vehicle (EV) manufacturer Rivian sent out on Thursday a survey to all reservation holders of its recently unveiled R2 about which configurations, specs and features customers and potential customers would prefer.
Amid Earth Day, the electric vehicle (EV) manufacturer Rivian introduced a trade-in incentive up to $5,000 for gas-powered SUVs from 2018 or later.
Rivian's Vice President of Software Development, Wassym Bensaid, hosted a Q&A event in San Jose on Saturday, showcasing Rivian's latest models, the R2 and R3X
Rivian signed on Monday a global partnership with the Australian-based mining electric vehicle company Mevco to supply its R1T model to the mining industry.
Rivian started on Wednesday a new round of layoffs according to internal people familiar with the matter told EV.
Rivian started on Wednesday a new round of layoffs according to internal people familiar with the matter told EV.
Rivian started on Wednesday a new round of layoffs according to internal people familiar with the matter told EV.
Earlier today, EV reported exclusively that the U.S. automaker Rivian started a new round of layoffs that was later confirmed to Reuters. Tesla's CEO Elon Musk commented on X saying the move is "inevitable" for the Irvine-headquartered startup.
Rivian started on Wednesday a new round of layoffs according to internal people familiar with the matter told EV.
On Monday, UBS analyst Joseph Spak revised Rivian Automotive's stock rating from Sell to Neutral, maintaining a $9 price target. Rivian shares dipped to a new all time low of $8.40 per share, marking an 8 percent decrease.
Truist Securities upheld a Hold rating on Rivian shares, maintaining a consistent stock price target of $11.00. On Friday, the shares reached a new all-time low of $9.08 per share, marking a 94.9% decline from the all-time high reached in 2021 and resulting in a market capitalization of just under $9 billion.
