rivian Rivian Secures $6.6 Billion Federal Loan for Georgia EV Factory Rivian wins a conditional $6.6 billion Department of Energy loan to restart construction on its paused Georgia factory. The plant is now expected to open in 2028 and eventually employ 7,500 workers.
tesla Tesla and Rivian Reach Conditional Settlement in Trade Secrets Dispute Tesla tells a California judge it has reached a conditional settlement with Rivian in a four-year-old trade secrets lawsuit. The companies expect to dismiss the case by late December.
rivian Rivian Revenue Falls Short as In-House Motor Supply Crisis Bites Rivian misses third-quarter revenue estimates due to a severe component shortage in its in-house Enduro motor. The EV maker also faces a growing gap between production and deliveries, prompting wider annual loss projections.
rivian Rivian Drops Entry-Level Explore Package Due to Weak Customer Demand Rivian is discontinuing its cheapest Explore trim for the R1T and R1S after finding that most buyers prefer the higher-end Adventure package. Affected pre-order customers must reconfigure their vehicles by September 1 or face cancellation.
rivian Rivian Posts $1.7 Billion Q2 Loss Amid Supply Chain Headwinds Rivian confirms a $1.7 billion net loss for the second quarter while raising its full-year loss outlook to $5.4 billion. Despite rising costs and layoffs, the EV maker shows strong demand and significant production growth.
rivian Rivian Boosts 2022 Loss Forecast to $5.45 Billion Amid Supply Chain Woes Rivian maintains its target of delivering 25,000 electric vehicles this year despite expecting an extra $700 million in cash burn. The automaker reports rising preorders and a Q2 revenue beat as it navigates inflation and recent layoffs.
rivian Rivian Beats Revenue Expectations Despite Raising Annual Loss Forecast Rivian reports stronger than expected Q2 revenue and growing vehicle demand, but increases its 2022 loss projection to $5.45 billion due to supply chain issues and inflation.
rivian Rivian's Massive IPO Valuation Overshadows Better EV Stocks Rivian hits a nearly $100 billion market cap despite low production, prompting analysts to favor General Motors, ChargePoint, and Lucid as superior investments.
rivian Rivian IPO Drives Stock Market Hype as Electric Vehicle Sector Surges Electric vehicle maker Rivian captures intense investor attention ahead of its highly anticipated public debut, pushing the broader EV sector into focus. The market buzz highlights Wall Street's growing appetite for EV startups.
rivian Electric Truck Maker Rivian Reaches $86 Billion Valuation in Historic IPO Rivian starts trading on the Nasdaq after raising nearly $12 billion, giving the Normal-based EV startup a market value comparable to Ford and General Motors.
rivian Rivian Debuts On Stock Market With Historic $90 Billion Valuation Electric vehicle startup Rivian kicks off its public trading with a massive valuation that immediately surpasses legacy automakers Ford and GM. Investors are betting heavily on the company's future potential rather than its current production numbers.
rivian Rivian Reaches $100 Billion Valuation on Record-Breaking IPO Day Electric vehicle startup Rivian surges nearly 30 percent in its market debut, achieving a massive valuation that surpasses Ford and General Motors despite producing only a handful of vehicles.
rivian Rivian Raises Expected IPO Price Ahead of Highly Anticipated Market Debut Electric vehicle startup Rivian sets its IPO guidance above the initial target range, signaling strong investor demand. The adjusted pricing positions the company for a massive valuation as it enters the public market.
rivian Rivian Prices IPO at $78 to Reach $77 Billion Valuation Electric truck maker Rivian prices its shares at $78, far exceeding initial targets as massive investor demand pushes the startup to a $77 billion valuation.
rivian Rivian Targets $60 Billion Valuation in Massive $8.4 Billion IPO Amazon-backed electric vehicle maker Rivian aims to raise up to $8.4 billion through an initial public offering on the Nasdaq exchange. The highly anticipated public debut puts the company's potential valuation as high as $60 billion.