Tag: Rivian Automotive
Rivian narrowly misses it 2022 production target of 25,000 EVs
As the year begins, Rivian Automotive claims it fell shy of its 2022 production target of 25,000 vehicles due to supply chain issues and...
Rivian suffers losses but remains in great cash position
Rivian Automotive continues to lose billions after a year of providing ground-breaking R1T electric trucks to consumers. But, analysts say the EV startup has...
Rivian Automotive’s Q2 revenue exceeds expectations, delivers 4,467 vehicles
In a letter to shareholders, electric vehicle maker Rivian Automotive reported that revenue in the second quarter outperformed Wall Street expectations but went on to say...
Rivian confirms at least 800 layoffs, shifts focus to accelerating production
Amy Mast, a spokesperson for Rivian Automotive, has confirmed in an email that at least 6% or 800 out of 14,000 of its employees will be...
Rivian stock drops after report says Ford will sell shares
Shares of Rivian Automotive dropped over 15% on Monday after CNBC’s David Faber posted on Twitter that Ford Motors is planning on using Goldman Sachs to facilitate...
As EV startups shed value, mass-market brands take foothold in electric...
On Monday, Rivian Automotive's stock prices were bleeding red once again. Pre-market trading saw the startup EV truck maker's price hovering around $25 per share, down...
