Rivian announced that its CFO, Claire McDonough, will resign at the end of October to pursue a new opportunity and move closer to her family on the East Coast. The company stated her departure is not due to any disagreement and has appointed Derek Mulvey as interim CFO. This change comes as Rivian ramps up production and sales of its R2 SUV, marking a critical phase for the company. Rivian is actively searching for a permanent replacement to lead its finance team forward.
Rivian Automotive reported a 45.8% year-over-year increase in electric vehicle deliveries in Q3, driven by strong demand for its lower-cost R2 SUV. This delivery growth is expected to improve the company's gross profit and help address its structural...
Chinese electric vehicle stocks Nio and XPeng rose 5% and 4% respectively, driven by strong demand in China and strategic moves like Nio's partnership with Geely to expand its battery-swap network. Meanwhile, U.S. EV maker Rivian fell 2%, highlightin...
Tesla's stock rose 3% following its rebranding of its driver-assistance software in Europe, dropping the controversial 'Full Self-Driving' label that European regulators opposed. The new name, Tesla Assisted Driving, reflects a more restricted versio...
Rivian Automotive has received the full $1 billion funding commitment from Volkswagen Group through two linked loans under their joint venture agreement. The loans, with fixed interest rates around 6%, mature in 2036 with repayments starting in 2029....
Rivian exceeded delivery expectations in Q3 by producing and delivering over 19,000 vehicles, yet its stock fell sharply due to concerns over its recovery plan. The company did not raise its full-year delivery guidance, which remains between 65,000 a...
