Based on how Rivian stock is trading, investors have given up on the electric truck maker. It may need a change in spending ...
Both Amazon and Rivian have undergone layoffs this year to cut costs ... slowdown have weighed on all automakers, but upstart EV companies in particular. Rivian burned through $6.8 billion ...
Rivian launched production in September 2021. The EV startup based in Irvine ... The automaker has had two rounds of layoffs in the past year, each shedding about 6 percent of staff.
Rivian Automotive plans to raise $1.3 billion in cash via a sale of convertible notes. The EV maker had $12.1 billion on hand as of the end of 2022. Earnings reports from Rivian and fellow EV ...
based EV maker burned through $6.6 billion ... To conserve cash, Rivian has conducted two rounds of layoffs and pushed back plans for future business lines, such as its more-affordable R2 line ...
Rivian and Amazon are in discussions to adjust the exclusivity clause of their agreement for the EV maker's electric delivery trucks. Rivian last month touted 10 million packages delivered via the ...
That's why it makes sense to look at adding various other EV industry names to one's portfolio. Rivian began its life as a public company in the consumer light truck market -- a different EV ...
On Tuesday, shares of Rivian Automobile Inc RIVN fell as EV maker revealed late Monday it is looking to raise $1.3 billion in cash via a sale of convertible notes amid growing demand concerns.
Rivian is in discussions with Amazon to dissolve the exclusivity piece of their commercial EV van deal, the WSJ reported this morning, citing unnamed sources. If successful, Rivian would be free ...
The Rivian R1S is an important car, and it will show whether Rivian is a one-trick pony or not. The EV startup aims to replicate the success of other electric car makers, particularly Tesla ...
But Amazon only plans to buy roughly 10,000 EV vans this year, which is at the low end of a range previously provided to Rivian, according to the Journal. An Amazon spokesperson told the Atlanta ...