Rivian has introduced its midsize R2 electric vehicle platform, aiming to cut bill of materials costs by about 50% and target mass-market adoption similar to Tesla's Model 3. The company's recent quarterly results show growing software revenue, which supports its goal of achieving gross margin profitability. Rivian has also increased its long-term factory capacity to around 515,000 units, with support from a U.S. Department of Energy loan for a Georgia factory expected to help the company reach free cash flow positivity. This positions Rivian as a distinct EV player amid a market dominated by large tech and AI stocks.

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Rivian sued for allegedly overstating hands-free driving capabilities in first-gen EVs.

Rivian faces a class action lawsuit alleging it falsely claimed its first-generation R1T and R1S electric vehicles could perform Level 3 autonomous driving, meaning hands-free and eyes-off driving under certain conditions. The suit accuses Rivian of ...

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Rivian launches affordable R2 EV platform, boosting software revenue and factory capacity for mass-market growth.

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Rivian sued for allegedly overstating hands-free driving capabilities in first-gen EVs.

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Rivian launches affordable R2 EV platform, boosting software revenue and factory capacity for mass-market growth.

More News (RIVN)

Rivian sued for allegedly overstating hands-free driving capabilities in first-gen EVs.

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