Rivian has filed a lawsuit against the U.S. government seeking a full refund of tariffs it paid under President Trump's 'Liberation Day' taxes, which the Supreme Court later ruled unconstitutional. The automaker aims to secure tens of millions of dollars in refunds as it rolls out its first mass-market SUV, the R2, and works toward profitability. The lawsuit demands the government guarantee repayment with interest and cover court fees, highlighting ongoing challenges importers face in obtaining refunds despite the Supreme Court ruling. This legal move comes amid Rivian's efforts to manage costs and invest heavily in autonomous vehicle development while expanding production.
Rivian's stock price dropped from $20 to just above $15 in three months, losing over a quarter of its market value despite launching a new, more affordable R2 model and securing fresh investment. The company faces stiff competition from Tesla's Model...
Lucid's stock surged 10% after announcing a partnership with Bolt to deploy at least 25,000 autonomous vehicles across European cities. This deal positions Lucid as a potential supplier of autonomous platforms, not just a luxury EV maker, and lifts r...
