All Stories Tagged: RIVN

EV company Rivian beat on both fronts in its latest round of financial earnings.

Volkswagon will start with a $1 billion investment, with the other $4 billion coming through the joint venture to aid Rivian in bringing its next vehicles to market.

Rivian's revenue gain is in line with Wall Street expectations and represents a year-over-year increase.

Rivian's upcoming R2 SUV represents a less pricey offering from the company as it attempts to meet customer demand for a more cost-effective EV.

Rivian's total EV production for the last year exceeds the company's recent estimates put out at the end of Q3 2023.

Rivian continues to do better than expected and has adjusted its production forecast accordingly.

Rivian's production guidance has increased following the release of the Q2 2023 earnings report.

Rivian vehicles will gain access to Tesla's Supercharger network in Spring 2024.

While the company was able to put up a better-than-expected revenue, it was also able to put up smaller losses in EPS than analysts estimated.

The change may allow Rivian to find additional partners for its EV delivery trucks.