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.
Electric vehicle maker Rivian has acquired UK-based startup Third Dimension, which uses AI to create lifelike 3D worlds from images and videos. Rivian plans to use this technology to improve its advanced driver assistance and self-driving systems, pa...
Tesla's stock fell 4% despite beating earnings estimates due to a 42.7% profit decline, reduced capital spending, and a lowered vehicle sales target by CEO Elon Musk. The company also faces rising research costs for new technologies like autonomy and...
Tesla shares rose 4% following Elon Musk's endorsement of a potential merger between Tesla and SpaceX, though he emphasized that independent committees must approve any deal and no agreement is guaranteed. The merger idea adds a premium to Tesla stoc...
Rivian is focusing heavily on developing autonomous driving software, even if it means postponing profitability. CEO RJ Scaringe envisions autonomy enabling radically new vehicle designs beyond current SUVs and trucks, potentially transforming person...
Tesla shares rose 4% after Florida Governor Ron DeSantis promised to make Tesla's flying Roadster legal in the state. This pledge followed Tesla's recent demonstration of the Roadster's brief flight capabilities, boosting investor enthusiasm. Meanwhi...
