The Latest Breaking News from Rivian

The Rivian R1T in theDual-Motor powertrain configuration brings noticeable range and efficiency improvement, over its more powerful Quad-Motor version.

As a reminder, Rivian currently sells its passenger vehicles – the R1T pickup and R1S SUV – just in North America.

Since launching the R1T in 2021, the California-based EV manufacturer has pushed 22 major software updates.

After posting its Q2 results, Rivian bumped its production guidance to 52,000 units for this year, up by 2,000 units from the previous estimate.

Rivian CEO RJ Scaringe said the company has plenty of orders for the R1T and R1S that will take "deep into 2024" to fulfill at the current production rates.

Rivian's profit per vehicle delivered improved by $35,000, helped by the company-wide cost reductions that include the in-house manufacturing of the Enduro electric drive units.

After tumbling to a record low of $11.68 per share in April, shares of Rivian Automotive (RIVN ) have more than doubled to an 8-month high in late July. The surge in Rivian’s share price has made being short the stock very unprofitable. Shorting shares of Rivian Automotive is the...

The United Auto Workers union, which represents nearly 150,000 employees of companies that manufacture U.S.-made vehicles, kicked off in mid-July 2023 the labor negotiations it undergoes every four years with the three main unionized automakers.

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Previously, Krafcik, 61, was the CEO of Waymo, also known as Google’s self-driving car project, as well as the president of TrueCar.

Electric vehicle (EV) stocks have been quite volatile in recent years, and some startups have outright crashed. However, as the trend toward vehicle electrification gains traction globally, NIO and Rivian look like two EV stocks to buy at current levels.