The Latest Breaking News from Claire McDonough

There are many reasons to be cautiously optimistic about Rivian's future. The startup said on Thursday that it turned its first quarterly profit at the end of last year. It has streamlined production and its plans to launch the affordable R2 are moving at full speed. And let’s be honest, Rivian…

Innovation requires resources. Chief financial officers have a large say in how the money is spent.

Rivian revealed its R2 platform Thursday.

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Claire McDonough said the new battery "takes thousands of dollars of costs out, additional mass out" and will be much easier to build.

The CNBC host cites a positive note from a Wall Street analyst about the electric vehicle company.

The Irvine, Calif.-based electric vehicle maker has ambitious plans for producing its models.

Rivian’s first R2-based model will be a mid-size SUV crossover which could have a starting price of around $40,000 and a maximum retail price of $60,000, slotting right under the flagship R1S.