Rivian Automotive (RIVN) news

Nasdaq unofficially closes down 124.63 points, or 0.47 percent, at 26,416.72

The Nasdaq Composite unofficially closed down 124.63 points, or 0.47 percent, at 26,416.72 on Wednesday, reflecting ongoing selling pressure in the technology-heavy index. This decline follows a volatile session in which the index initially dropped sharply before staging a partial recovery. Earlier…

Rivian announces CFO transition plan

Rivian (RIVN) shares rose 6.59% in intraday trading after the electric vehicle maker reported a narrower-than-expected adjusted loss of $0.47 per share for the second quarter.

Rivian (RIVN) shares rose 6.59% in intraday trading following the company’s second-quarter 2024 financial report, which showed an adjusted loss of $0.47 per share—narrower than market expectations. The results marked a slight improvement from prior periods, reflecting ongoing cost management and…

Rivian chief points to China’s low capital costs as key EV advantage

Rivian CEO RJ Scaringe has highlighted that the competitive edge of Chinese electric vehicle (EV) manufacturers is not rooted in any "magic" or proprietary technology, but rather in low capital costs and favorable labor conditions . Scaringge emphasized that while much of the public discourse…

Ford plans hands-free, eyes-off driving launch in 2028 with valuation at 9x earnings

Ford Motor Co. has announced plans to introduce a hands-free, eyes-off driving system in 2028, beginning with a $30,000 all-electric vehicle . The move positions Ford in direct competition with automakers such as Tesla, General Motors, and Rivian, all of which are pursuing similar advancements in…