The Latest Breaking News from Rivian

Tesla stock is down 10% in August with Cathie Wood dumping shares in three straight sessions. Tesla launched cheaper Model S and X trims Monday.

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

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...

Electric vehicle maker Rivian posted a better-than-expected loss for Q2 results late Tuesday. Rivian stock rallied 32% in 2023.

While Lucid earnings disappointed, EV startup maintained its production target, bolstered its balance sheet. Lucid stock wavered.

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.