Tesla's price cuts promise more pain for money-losing US EV startupsTesla's move last week to slash prices globally on its EVs by as much as 20% could draw new buyers to electric cars in the industry, but al...
20 Jan, 2023, 08.10 PM IST
EV maker Rivian's deliveries nearly quadruple as it ramps up productionThe company, which went public late last year and counts Amazon.com Inc as an investor and customer, has been ramping up production of its ...
06 Jul, 2022, 07.45 PM IST
Rivian shares tumble as supply-chain woes cut production outlook in halfRivian, other startups and legacy automakers such as Ford Motor Co and General Motors Co face tough competition from market leader Tesla In...
11 Mar, 2022, 07.52 AM IST
Billionaire George Soros buys stake in EV startup RivianThe 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in a company that...
12 Feb, 2022, 12.10 PM IST
Rivian stock skids as legacy automakers rev up EV targetsRivian's stock has slumped about 14% since the start of Wednesday, when Amazon.com Inc, one of Rivian's biggest investors, said it teamed u...
07 Jan, 2022, 08.20 AM IST
Elon Musk says high production, breakeven cash flow 'true test' for Rivian"There have been hundreds of automotive startups, both electric and combustion, but Tesla is (the) only American carmaker to reach high vol...
12 Nov, 2021, 01.38 PM IST
Rivian valued at over $100 billion on listing after biggest IPO of 2021That made the Amazon-backed Rivian the second most valuable US automaker after Tesla, which is worth $1.06 trillion. It ranked ahead of Gen...
11 Nov, 2021, 06.12 PM IST
Rivian valued at over $100 billion in debut, after world's biggest IPO of 2021Amazon.com Inc is Rivian's largest shareholder with a 20% stake.
11 Nov, 2021, 11.12 AM IST
EV startup Rivian targets $65 billion valuation in IPOThe company, which last month disclosed nearly $1 billion in losses for the first half of this year, said it will sell 135 million shares a...
06 Nov, 2021, 11.03 AM IST
EV startup Rivian could be worth nearly as much as Honda in US IPOOnly three other companies have raised more than $8 billion while going public since 2011, according to data from Dealogic. Alibaba raised ...
02 Nov, 2021, 02.00 PM IST
EV startup Rivian could be worth nearly as much as Honda in US IPORivian — the Amazon-backed EV startup that rivals Tesla — is looking to raise up to $8.4 billion, setting it up to be the third-largest IPO...
02 Nov, 2021, 11.05 AM IST
Amazon discloses 20% stake in EV maker RivianAt the end of the third quarter, Amazon had an equity interest of about 20% in Rivian
29 Oct, 2021, 09.30 PM IST
Amazon discloses 20% stake in EV maker RivianFord Motor Co, which has a strategic relationship with Rivian, removed a representative from the startup's board earlier this month. At the...
29 Oct, 2021, 09.07 PM IST
Amazon-backed EV maker Rivian discloses nearly $1 billion losses in IPO filingFor the six months ended June 30, Rivian's net loss widened to $994 million from $377 million a year earlier, the company said in its filin...
02 Oct, 2021, 04.05 PM IST
A $75,000 electric truck with 754 HP engine is 2021's most-awaited vehicle, will compete with TeslaThe big question is what makes, or will make, Rivian exceptional among its set.
18 Dec, 2020, 05.52 PM IST
Electric-truck maker Rivian hires ex-Tesla exec as top engineerKalayjian replaces Mark Vinnels, who until this week had been Rivian’s executive director of engineering, the person said. Vinnels joined R...
28 Aug, 2020, 09.25 AM IST
Tesla’s followers are trying to piggyback off Elon Musk’s sales winsTesla has spent years lobbying states to loosen these laws, which ban car manufacturers from owning or operating their own stores. Tesla, w...
26 Feb, 2020, 11.52 AM IST