Elon Musk, Rivian and EV
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Rivian Automotive Inc. posted quarterly revenue that narrowly topped analysts’ expectations, after expiring electric-vehicle tax credits helped boost sales. The company’s revenue hit $1.56 billion for the September quarter, beating the $1.51 billion expected by analysts. That also marked a 78% increase relative to a year before.
The new midsize R2 SUV is critical for Rivian’s goal to boost sales volumes and achieve profitability in the future.
It's been a bit of a slow 2025 for Rivian with no vehicle launches, but should investors start to worry after its recent move?
Rivian shares are trading lower Friday, continuing a pullback that began Thursday and erasing strong mid-week gains.
Tesla originally manufactured high-priced performance luxury electric vehicles like the Tesla Roadster. The more affordable Model Y and Model 3 EVs went on to become best-selling models for Tesla, as reported by Hagerty. Will the R2 have the same effect for Rivian as a more affordable alternative to its first models?
Rivian, the electric vehicle maker known for its sleek, adventure-ready designs, is venturing into robotics. The Irvine, Calif.-based company’s newest spinoff, Mind Robotics, focuses on applying A.I.-powered robots to industrial settings. The spun-off entity has already raised $115 million in funding.
Rivian Automotive (NASDAQ: RIVN) Stock Price Prediction for 2025: Where Will It Be in 1 Year (Nov 5)
Rivian stock has trended upward recently despite facing challenges. Here is a look at where the stock could be in a year.
EV MAKER Rivian on Friday said it was giving its CEO a pay plan worth as much as US$4.6 billion over the next decade, a deal similar to Tesla’s record package for CEO Elon Musk, and linked to new
Claire Rauh McDonough draws on her experience in high-end kitchens from France to D.C. to target Rivan's high-income, high-credit-score customer base.
After every good party comes a hangover (if you can't avoid one, anyway) and September's electric-vehicle sales blowout led to some nasty headaches for carmakers in October. And already, after one month, people are writing the obituary for the EV in America.
Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and gross profit expectations.