Electric vehicle maker Rivian reported stronger-than-expected second-quarter earnings this week, which saw the company beat analysts' estimates in terms of earnings per share and revenue. However, the company’s stock still took a dip in the aftermath, dropping by 7% at one point.
Rivian reported $1.13...
Electric vehicle maker Rivian is making a strong push toward profitability. As part of the process, the EV company has drastically reduced costs and improved the efficiency of its manufacturing process, according to Rivian CEO and founder RJ Scaringe.
In a recent interview with reporters,...
Electronic cars company Rivian will try to ram up its production by having more hands on deck at its Normal, Illinois plant. According to The Wall Street Journal, Rivian has been recently making moves to get a large chunk of its engineering team relocated...
Electric car maker Rivian could soon be able to offer its electric delivery vans to other companies besides e-commerce giant Amazon. Multiple reports indicate that the two companies are renegotiating the exclusivity agreement they made several years ago.
Back in 2019, Rivian pledged to sell...
Facing weakening demand and supply chain issues, U.S. electric vehicle maker Rivian will attempt to improve its capital position with a massive bonds sale. The company will offer $1.3 billion in bonds to interested investors, according to an announcement made on Monday.
Rivian’s offering will...
The electric car maker Rivian believes it can still produce and deliver 25,000 electric vehicles (EV) by the end of the year. But in the process of doing so, the company expects to mount a substantially more significant loss.
As part of its second-quarter report,...
