rivian Rivian Stock Trades at $16.52 Amid Steep Decline From 2021 Peak Rivian Automotive currently sits far below its November 2021 all-time high of $172.01, with shares experiencing a 16% drop so far in 2026. The electric vehicle manufacturer holds a $19.1 billion market cap as it navigates a highly competitive domestic auto industry.
cruise Cruise Taps $5 Billion GM Credit Line for Electric Origin Vehicles General Motors' self-driving subsidiary Cruise secures a $5 billion credit line from GM Financial to fund the production of its custom autonomous Origin shuttle. This financial boost brings the company's total war chest beyond $10 billion as it prepares for commercial launch.
cruise Cruise Becomes First to Secure California Permit for Driverless Passenger Rides Cruise earns a historic permit from California regulators to transport passengers in fully driverless vehicles. However, the company still needs additional approvals before it can charge for these robotaxi rides.
cruise Cruise Secures First California Permit for Driverless Passenger Rides GM-backed Cruise earns the initial California permit to transport passengers in fully driverless vehicles, though it cannot yet charge for the service.
cruise Microsoft Invests $2 Billion in Cruise to Push Autonomous Rides Cruise secures a massive $2 billion funding round led by Microsoft, pairing new capital with a strategic cloud partnership to scale its self-driving ride-hailing ambitions.
tesla Tesla Surpasses Toyota, GM, and Ford Combined in Historic Market Cap Milestone Tesla reaches a $526 billion market valuation, overtaking traditional automakers Toyota, GM, and Ford as its upcoming S&P 500 inclusion drives massive investor momentum.
covid-19 COVID-19 Vaccine Trials Show Promise While Tech Giants Roll Out New Features Researchers at Oxford and in Wuhan report promising early results for COVID-19 vaccines, though experts caution more study is needed. Meanwhile, Google Maps adds end-to-end bikeshare directions and Roblox launches a virtual event space.
cruise GM's Cruise Trims 8% of Workforce to Focus on Engineering Cruise, the self-driving unit of General Motors, reduces about 8% of its staff to rebalance operations and prioritize engineering talent. The layoffs primarily affect non-engineering departments like recruiting and human resources.
gm GM Cruise Trims 8% of Workforce Amid Pandemic Pressure on Autonomous Industry General Motors' self-driving subsidiary Cruise lays off roughly 150 employees as the pandemic intensifies financial struggles across the autonomous vehicle sector. The cuts target non-engineering roles while the company shifts its focus toward core technical development.
gm Trump Invokes Defense Production Act to Force GM Ventilator Manufacturing President Trump orders General Motors to prioritize federal ventilator contracts under the Defense Production Act amid an ongoing contract dispute. GM maintains it is working around the clock to produce the life-saving equipment at cost.
tesla Tesla Reopens New York Factory to Produce Critical Ventilators Elon Musk announces that Tesla's Buffalo gigafactory will reopen to manufacture ventilators amid the COVID-19 pandemic. The automaker joins GM and Ford in pledging resources to address the severe shortage of life-saving medical equipment.
gm Cadillac Reveals First Electric SUV as GM's Lead EV Brand GM reveals a future long-range electric Cadillac SUV as the first vehicle on its new BEV3 platform.
cadillac Cadillac Enters EV Market With New Electric Crossover Cadillac introduces its first electric vehicle, a full-size crossover SUV, marking a major shift for GM's luxury brand. The vehicle uses a brand-new battery electric architecture instead of the platform found in the Chevy Bolt.