Rivian is accelerating its R2 mass-market vehicle production, targeting two production shifts by the end of 2026 to increase volumes and improve gross margins through cost reductions. Its software and services revenue jumped nearly 49% year-over-year in the first quarter of 2026, boosted by Autonomy+ monetization and a joint venture with Volkswagen, with promising robo-taxi prospects alongside Uber. With about $8 billion in liquidity and diverse funding sources, Rivian is well-positioned to manage near-term losses and high capital expenditures before reaching profitability. Despite a recent stock selloff, the company’s discounted valuation and strong fundamentals support a continued Buy rating.
The Greenwich Concours celebrates its 30th anniversary from May 29-31 in Greenwich, Connecticut, showcasing over 300 rare and iconic cars, including restored classics by Paul Russell. The event features a mix of judged car classes, driving experience...
Goldman Sachs reduced its stake in electric vehicle maker Lucid by 19%, lowering shares from 849,097 to 690,126 and the holding's value by 27% to under $6.6 million in Q1 2026. Meanwhile, the bank increased its position in Rivian by 56%, growing shar...
Newsweek announced the 2026 honorees for its fifth annual World’s Greatest Auto Disruptors awards, recognizing leading innovators and companies transforming the automotive industry. Winners include legacy manufacturers like Mercedes-Benz and BMW, and...
Rivian, currently valued at $17 billion, is shifting focus from vehicle manufacturing to high-margin software revenue streams, including OEM licensing, FleetOS subscriptions, and autonomous driving software. Partnerships with Volkswagen and Uber vali...
