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The Latest Breaking News from Rivian

Rivian EV truck production ramping up slowly in Normal after falling short of last year’s target

Rivian, the startup electric truck manufacturer, announced Thursday it has built 2,425 trucks to date, but the production ramp-up at its downstate Normal plant continues to be stuck in first gear, constrained in large part by supply chain issues.

Chicago Tribune

Rivian Q4 Results: Earnings And Sales Miss, 909 Vehicle Deliveries And More

Electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN) reported fourth-quarter financial results and shared an update on fiscal year 2022 expectations Thursday. Here are the key highlights for investors.

Benzinga

Rivian Failed To Disclose Price Hike Plans To Investors, Lawsuit Alleges

Rivian Automotive Inc (NASDAQ: RIVN) may have rolled back price hikes after widespread online backlash, but that episode has now drawn a shareholder lawsuit, protocol.com reported

Benzinga

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Rivian Electric Truck Maker Sued By Shareholder For Recent Price Shifts

Having mispriced its EVs, Rivian hiked its prices. It planned to make reservation holders wait for cheaper options or pay more. A shareholder has taken notice.

InsideEVs

Barclays More Than Halves Rivian Automotive's Price Target - Read Why

Barclays analyst Brian Johnson lowered the price target Rivian Automotive Inc (NASDAQ:RIVN) to $47 (15% upside) from $115 and kept an Equal Weight rating on the shares heading into the company's earnings. The analyst saw a 10.77% upside for the company. Johnson noted Rivian recently indicated it would honor original pricing on pre-existing orders…

Benzinga

After The Storm: Rivian R1T And R1S Prices Compared

Earlier this month, Rivian announced upcoming dual-motor versions of the Rivian R1S and Rivian R1T, as well as new, higher prices.

InsideEVs

Rivian just reversed its controversial R1T and R1S price increase — here's why

Rivian CEO RJ Scaringe wrote in an open letter that the electric vehicle company was "wrong" to change prices for consumers that had already pre-ordered vehicles.

Inverse

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EV Week In Review: Tesla Giga Berlin Update, Rivian Crashes On Price Hike Gaffe, Lucid Slashes Guidance, Honda-Sony Team Up, Nio Headed To Hong Kong And More

The EV space was swathed in a sea of red in the week ending March 4, although market leader Tesla, Inc. (NASDAQ: TSLA) and a handful of stocks managed to buck the downtrend. The negative sentiment can be traced back to company-specific catalysts, which pressured stocks.

Benzinga

EV Talk With Kyle Conner: Ford, Rivian, And More: RAC #61

We also discuss the Stellantis Dare Forward 2030 plan and how well electric vehicles work in cold weather.

Motor1

Rivian Backtracks On Hefty Price Hikes For Reservation Holders

R1T and R1S pricing jumped between 17 and 20 percent as of March 1.

Motor1

Rivian Walks Back Price Hikes Following Backlash From Reservation Holders

Rivian Automotive Inc (NASDAQ: RIVN) announced unexpected price hikes earlier this week, which was particularly unfortunate for reservation holders. It appears the electric vehicle startup is walking back the price increases following a backlash from customers.

Benzinga

Rivian Backtracks On Price Increases For Existing Reservations

Scaringe also says that those who canceled their preorders on or after March 1 have the option to restore their original configuration.

InsideEVs

Most Rivian Reservation Holders Unhappy With Price Hikes, Poll Shows

Many reservation holders are also disappointed that the price hikes will make the R1T and R1S not eligible for a federal tax credit anymore.

InsideEVs

Rivian Faces Growing Online Backlash After Increasing Car Prices, Thousands Claim To Cancel Orders

Rivian Automotive Inc (NASDAQ: RIVN) is facing an onslaught of peeved customers online, with many claiming to cancel reservations on online forums after the electric vehicle maker announced price hikes.

Benzinga

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Benzinga

Why Rivian Shares Are Falling Today

Rivian Automotive Inc (NASDAQ: RIVN) is trading lower Wednesday after the company on Tuesday announced it's raising the prices of its vehicles by about 20%.

InsideEVs

Rivian R1T: How Much Is A Maxed Out Version With The New Pricing?

A fully loaded Rivian R1T electric pickup will now set you back nearly $122,000. Rivian still lists a starting price of $67,500, which is "sort of" correct.

InsideEVs

Fully Loaded Rivian R1S SUV Shows $106,515 Price On Configurator

A fully optioned Rivian R1S is now in the same territory as a 2024 GMC Hummer EV SUV Edition 1 or refreshed Tesla Model X.

Benzinga

Elon Musk Guns At Tesla Rival Rivian As Latter Hikes Prices: 'Their Negative Gross Margin Will Be Staggering'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday took a dig at smaller electric vehicle rival Rivian Automotive Inc (NASDAQ: RIVN) saying the recently

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news in one place.

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Benzinga

Rivian Missed 2021 Production Targets And Is Now Reportedly Bumping Up Prices: Here's Why

Rivian Automotive Inc (NASDAQ: RIVN) is raising the starting prices of its two electric vehicles currently on sale by up to 20% due to inflationary pressure and higher component costs, Reuters

InsideEVs

Rivian Announces Dual Motor And Smaller Battery Options; Hefty Price Increases

We examine the announcement that Rivian plans to introduce dual-motor versions of the R1T and R1S as well as onerous price increases for its current offerings.

The Independent UK

Kemp, Perdue spar over planned Georgia electric car plant

A planned $5 billion electric vehicle plant that has been billed as the largest economic development project in Georgia’s history is drawing opposition from an unusual source: former Republican U.S. senator David Perdue

Benzinga

How Georgia's Gubernatorial Race Could Impact Rivian, Its Factory Plans

An electric vehicle company planning to hit huge production milestone figures in the future could face a roadblock depending on the election results in the state of Georgia in 2022.

Benzinga

Why Tesla, Nio And Rivian Shares Surged Today

Shares of EV and clean energy vehicle companies, including Tesla Inc (NASDAQ: TSLA), NIO Inc (NYSE: NIO) and Rivian Automotive Inc (NASDAQ:

Benzinga

This Tesla Competitor Targets 10% EV Market Share By 2030

Amazon.com Inc (NASDAQ:AMZN) backed Rivian Automotive Inc (NASDAQ:RIVN) is "making progress" in raising EV production at its Normal, Illinois, assembly plant, CEO R.J. Scaringe said, Reuters reports from Wolfe Research conference. The Tesla Inc (NASDAQ:TSLA) competitor aims to win a 10% share in the EV market by 2030. Scaringe said Rivian had replaced some chipsets in certain…

InsideEVs

Rivian "Absolutely Making Progress" On Production Ramp-Up: CEO

Talking at Wolfe Research conference, Rivian CEO RJ Scaringe said the plant in Normal, Illinois "is starting to ramp nicely."

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