Also, a micromobility startup spun out of Rivian, has raised an additional $150 million in a Series D funding round led by Prysm Capital. The company plans to use the new capital to accelerate development of its autonomous driving technology and expand into multiple autonomous vehicle types beyond its current electric bikes and cargo quads. Also has raised $455 million since its founding less than two years ago and continues to leverage Rivian's technology and resources. The startup recently began shipping its first electric bike model and aims to deliver other models by fall, while also advancing partnerships like the multi-year deal with DoorDash for autonomous delivery vehicles.
Rivian is licensing its AI voice assistant technology to Volkswagen Group as part of their $5.8 billion joint venture. The AI assistant, already available in Rivian vehicles, may debut in Volkswagen's affordable electric hatchback, the ID EVERY1. Thi...
Rivian exceeded Wall Street's Q3 earnings expectations by reporting a smaller loss per share and higher revenue, driven by increased production and sales of its new R2 entry-level SUV. The company revised its 2026 guidance upward, forecasting better ...
Rivian's newly launched R2 SUV became its best-selling vehicle in Q3 2026, driving the company to raise its annual delivery guidance from a minimum of 65,000 to 67,000 EVs. The R2's early success signals Rivian's ability to attract new customers desp...
Tesla shares rose 4% following ARK Invest's reaffirmation of a $4,400 long-term price target by 2031, driven by confidence in Tesla's robotaxi and Full Self-Driving businesses. Tesla's autonomy plans, including Cybercab rides in Austin, are central t...
Tesla's stock rose 6% following a Barclays upgrade to Overweight, driven by potential merger talks with SpaceX and expected growth from Full Self-Driving tech and Shanghai exports. Barclays raised Tesla's price target to $450, highlighting a possible...
