Rivian has commenced an underwritten public offering of 75 million shares of common stock, a raise worth roughly $1.5 billion based on the stock’s recent price.
The capital raise lands just days after Rivian’s stock rallied on stronger-than-expected Q2…
The company now expects to ship a few thousand more vehicles by the end of 2026 than it previously expected, after launching its R2 SUV last month.
Plaintiffs in the class action complaint allege Rivian falsely promised for years it would bring hands-free driving to its first-generation R1 vehicles.
Rivian CEO RJ Scaringe says the money automakers charge for self-driving software won’t last, comparing autonomy to airbags: a paid option today, baked into the price of every car tomorrow.
The comments, made in a new interview with WIRED, amount to a …
Rivian laid off hundreds of workers on Tuesday, or less than 2% of its workforce, just one week after it began deliveries of its all-important R2 SUV.
The electric automaker confirmed the cuts hit its service and customer teams, which include sales and…
The company said the cuts were part of a restructuring meant to help scale to profitability. Rivian recently pushed back its profitability goal to invest in autonomy.
Rivian’s R2 blends smart cost-cutting engineering with strong performance, off-road capability, and premium feel, making it a compelling new contender in the crowded mid-range electric SUV market.
Founder and CEO RJ Scaringe has called it “maybe the most important thing we’ve launched to date.”
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Rivian says AI-powered vehicle assistants could eventually replace Apple CarPlay by offering deeper integration and more natural interaction inside future cars.