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RIVIAN


Rivian now has nearly 200,000 orders for its EV trucks and delivery vans. It’s produced 8,000.

In addition to concerns about production, Rivian is navigating the implications of President Joe Biden’s historic climate bill, which would exclude most of its vehicles from a $7,500 federal tax incentive.

chicagotribune.com

Rivian posts second-quarter revenue above estimates, but expects a wider loss for the year

Electric vehicle maker Rivian maintained its full-year guidance for deliveries, but trimmed its full-year financial outlook.

cnbc.com

What Cramer is watching Monday — IRA Act lifts EV and solar stocks, Pfizer's buy

Stocks looked to open higher Monday following the S&P 500's third consecutive week of gains.

cnbc.com

Illinois joins three other states to create EV charging circuit along scenic Lake Michigan shoreline route

Illinois has joined with three other states to build a 1,100-mile EV charging circuit along Lake Michigan, creating an electrified scenic route with enough juice to get from Green Bay to Traverse City.

chicagotribune.com

Rivian lays off 6% of workforce, including 50 jobs at EV plant in Normal

The electric truck manufacturer cut about 840 nonmanufacturing jobs out of 14,000 positions companywide.

chicagotribune.com

Struggling electric vehicle maker Rivian lays off more than 800 workers

EV manufacturer has faced severe production delays amid supply-chain woes, spurring it to cut costs.

cbsnews.com

Amazon hits the road in Chicago and other cities with the first of its 100,000 Rivian electric delivery vans

An early investor in Rivian, Amazon ordered 100,000 electric delivery vans from the startup EV truck manufacturer, which has struggled with a slower than expected ramp-up since launching production in September in downstate Normal.

chicagotribune.com

Rivian planning layoffs that could target about 5% of staff, report says

The cuts will come in areas where Rivian has grown too quickly, Bloomberg reported.

cnbc.com

Mayra Flores becomes first Mexican-born woman to be sworn into Congress

House Speaker Nancy Pelosi welcomed newly elected Rep. Mayra Flores after she became the first Mexican-born woman sworn into Congress on Tuesday – and first Republican in a century from South Texas. She won Texas' 34th congressional district in a special election.

news.yahoo.com
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Automakers are jacking up prices on electric vehicles to bake in rising materials costs

Automakers have begun raising EV prices as commodity costs surge. Will mainstream consumers be priced out?

cnbc.com

Rivian's shares sink after a report a legal battle with a supplier could delay Amazon vans

Rivian's suit accuses Ohio-based Commercial Vehicle Group of violating its contract with Rivian by sharply raising its prices after the contract was signed.

cnbc.com

Rivian recalls 500 EV pickup trucks due to front passenger seat airbag defect

Rivian has built 5,000 EVs to date, but recalled 500 of its R1T pickup trucks for a defect that could cause air bags not to deactivate properly when a car seat or child is in the front passenger seat.

chicagotribune.com

Sources: Hyundai to set $7B US plant during Biden Asia visit

A U.S. official familiar with the project says South Korean automaker Hyundai Motor Group is expected to announce its plans next week to build a massive electric vehicle plant near Savannah, Georgia.

Options traders bet on more pain for Rivian as EV maker hits all-time low

Options traders are betting Rivian's stock will keep hitting roadblocks as it hits its lowest levels in history ahead of Wednesday's quarterly results.

cnbc.com

Tech's latest IPOs are getting demolished, with Robinhood, Rivian, UiPath down over 70% from offer price

An ETF that tracks the most recent IPOs has lost almost 60% of its value since reaching a high in September.

cnbc.com

What Cramer is watching Monday — Ford is selling some Rivian, oil refiners should get earnings boost

Stocks were down early Monday morning, coming off last week's dramatic market swings.

cnbc.com

Tech companies racked up over $17 billion in losses on equity investments in the first quarter

Amazon, Uber, Alphabet and Shopify each recorded losses of over $1 billion in the first quarter from their investments in other tech companies.

cnbc.com

Georgia sets $1.5B in aid for electric vehicle maker Rivian

The state of Georgia and local governments will give Rivian Automotive $1.5 billion of incentives to build a 7,500-job, $5 billion electric vehicle plant. That's according to documents the company and state signed Monday. That's by far the largest incentive package Georgia has ever offered to a company. Georgia Economic Development Commissioner Pat Wilson says the size of the package is “appropriate” for the largest single industrial announcement in Georgia history. Rivian hopes to break ground as early as this summer and begin production in Georgia in 2024. The plant has been beset by opposition from residents east of Atlanta who say Rivian will spoil their rural quality of life.

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Amazon takes $7.6 billion loss on Rivian stake after EV company's stock plunge

After seeing its Rivian investment gain by $12 billion in the fourth quarter, Amazon had to mark its stake down dramatically due to a slump this year.

cnbc.com

Ford Motor loses $3.1 billion due to chip storage and Rivian

"To say the Rivian story has been disappointing ... would be an understatement," one Wall Street analyst said.

cbsnews.com

Ford Motor loses $3.1 billion due to chip shortage and Rivian

"To say the Rivian story has been disappointing ... would be an understatement," one Wall Street analyst said.

cbsnews.com

Rivian will follow Tesla and change the type of battery cells it uses in standard packs

Lithium iron phosphate (LFP) battery cells do not require any nickel or cobalt, which can be expensive or hard to obtain.

cnbc.com

Why Ford's big EV split decision may get even bigger in the future

Ford's decision to separate its EV business from traditional autos stopped short of a spinoff Wall Street wanted, but that could still be in the future.

cnbc.com

How the U.S. fell behind in lithium, the 'white gold' of electric vehicles

The U.S. used to be a global leader in lithium production, but now has fallen way behind. Several domestic projects are in the works, but will it be enough?

cnbc.com

Stocks making the biggest moves in the premarket: Illumina, Rivian, Juniper Networks and more

The stocks making the biggest moves in premarket trading include Illumina, Rivian, Juniper Networks, and more.

cnbc.com

Stocks making the biggest moves midday: Rivian, Allbirds, Humana, Lamb Weston and more

Check out the stocks making notable moves on Thursday, Jan. 6.

cnbc.com

Rivian shares continue to dive following Amazon-Stellantis deal

Automaker Stellantis announced on Wednesday that Amazon would provide its cloud services and in-car dashboard software.

cnbc.com
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EV stocks soared on hype in 2021 — investors are betting 2022 will bring actual revenue

Through IPOs and SPACs, electric vehicle makers attracted billions of dollars in 2021 from investors, who are banking that the companies can build at scale.

cnbc.com

Sources: Rivian to build $5B electric truck plant in Georgia

Sources briefed on the decision say electric truck maker Rivian Automotive will announce Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta projected to employ 7,500 workers.

EV start-up Rivian reports results Thursday after the bell. Here's what investors should know

While Rivian has given some earnings and production guidance as part of its IPO, investors will concentrate on any updates or changes to its plans.

cnbc.com

Every auto startup wants to be the next Tesla. Why these 2 may have a real shot

They aren't household names yet, but Rivian and Lucid are two auto startups attracting a lot of buzz – and loads of money.

npr.org

VIDEO: Judge announces guilty verdict in Ahmaud Arbery murder trial

A jury has found all three men charged in the killing of Ahmaud Arbery guilty of murder. He was shot while running in his neighborhood in Satilla Shores, Georgia.

news.yahoo.com

Ford and Rivian cancel plans to jointly develop an electric vehicle

Ford retains a 12% stake in Rivian, which at the company's IPO last week reached a value of more than $10 billion.

cnbc.com

Rivian and Lucid shares continue to fall as investors take profits

Rivian and Lucid shares fell Thursday as investors took profits after stock in both companies surged in recent days.

cnbc.com

Rivian shares slump in premarket trading, bucking post-IPO rally

Rivian went public last Wednesday in one of the biggest IPOs of the year.

cnbc.com

Rivian shares soar again in post-IPO rally

Rivian shares continue to rally less than a week after the company went public in one of the biggest IPOs of the year.

cnbc.com
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What Jim Cramer is watching in the market Friday

Jim's thoughts on J&J breakup, Elon Musk and more...

cnbc.com

Elon Musk taunts Tesla rival Rivian after its blockbuster market debut

Elon Musk said high production and break-even cash flow will be the true test for rival carmaker Rivian, which had a blockbuster IPO this week.

cnbc.com

Elon Musk weighs in on competitor Rivian after the company's blockbuster IPO, says high production and breakeven cash flow are the 'true test'

Elon Musk has weighed in on Tesla competitor Rivian a day after the latter's blockbuster IPO debut.

news.yahoo.com

Rivian founder R.J. Scaringe is worth $2.2 billion after his company's two-day IPO pop

R.J. Scaringe has yet to turn his company into a revenue-generating business, but he's already worth $2.2 billion after Rivian's IPO.

cnbc.com

Shares of EV start-up Rivian spike on second day of trading, market cap surpasses GM

The Amazon- and Ford-backed company already surpassed both Ford and General Motors by market cap.

cnbc.com

Stocks making the biggest moves premarket: Rivian, Beyond Meat, Disney and more

These are the stocks posting the largest moves before the bell.

cnbc.com

Rivian debuts on the Nasdaq — Here's what four pros are saying about the company now

Electric-truck maker Rivian went public Wednesday on the Nasdaq, opening at $106.75 per share after being priced at $78.

cnbc.com

Rivian’s $100 Billion Debut Is All About Amazon

The blockbuster valuation of the electric truck company makes sense when you consider its future has been turbocharged by one of the most powerful companies in the world.

washingtonpost.com

What You Missed: Wall Street Bullish on Rivian’s Electric Trucks

Rivian valued at $70 billion, Cotopaxi battles scammers, and a Tour de France beer stop

outsideonline.com
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Rivian IPO proves General Motors is undervalued, says GM CEO Mary Barra

Rivian's stock is indicated to open at $125 a share, a 60% pop from its IPO price of $78 a share and implying a valuation of as much as $106.6 billion.

cnbc.com

Rivian’s high-octane IPO values EV maker near $70 billion

The automaker's staggering valuation comes as investors seize on a broader industry shift toward cleaner-running vehicles.

washingtonpost.com

As Rivian prepares to go public, traders still bet on two traditional automakers in the EV race

Rivian is set to join an increasingly crowded market of EV stocks. Two traders share the names they are backing.

cnbc.com

Ex-Aston Martin executive accuses Rivian of firing her for raising concerns about a 'toxic bro culture'

In a Medium post published Thursday afternoon, Laura Schwab, who joined Rivian late last year from Aston Martin, describes the company as a "boys' club."

cnbc.com

Rivian Wants to Be the Apple of Electric Pickup Trucks

Or maybe the Patagonia

theatlantic.com

EV start-up Rivian beats Tesla, GM, Ford as first automaker to produce electric pickup

Rivian CEO RJ Scaringe tweeted that the company's first R1T pickup for customers drove off the assembly line this morning at its plant in Normal, Ill.

cnbc.com

Verdict reached in the trial of Derek Chauvin

Former Minneapolis Officer Derek Chauvin was convicted Tuesday of murder and manslaughter for pinning George Floyd to the pavement with his knee on the Black man’s neck in a case that touched off worldwide protests, violence and a furious reexamination of racism and policing in the U.S.

The verdict set off jubilation around the city. People instantly flooded the surrounding streets downtown, running through traffic with banners. Cars blared their horns. Floyd family members who had gathered at a Minneapolis conference room could be heard cheering and even laughing.

The jury of six white people and six Black or multiracial people came back with its verdict after about 10 hours of deliberations over two days. The now-fire white officer was found guilty on all charges: second-degree unintentional murder, third-degree murder and second-degree manslaughter.

chicagotribune.com

Tracing COVID-19 variants at Rush University Medical Center

A new lab at Rush University Medical Center is dedicated to tracking and tracing COVID-19 variants across Chicago.

chicagotribune.com
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