The carmaker has said it’s owed a refund in the “tens of millions of dollars.”
California Governor Gavin Newsom signed SB 168 today, creating a new “MyFirstEV” program that gives first-time electric vehicle buyers a $3,500 instant rebate at the dealership starting later this summer.
The point-of-sale discount is backed by $135.5 …
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A private seller in Littleton, Colorado has listed a brand-new 2027 Rivian R2 Performance on Cars.com for $79,900 — roughly $20,000 over what Rivian charges for the same vehicle.
The listing went up July 1, just weeks after Rivian started delivering th…
Rivian has commenced an underwritten public offering of 75 million shares of common stock, a raise worth roughly $1.5 billion based on the stock’s recent price.
The capital raise lands just days after Rivian’s stock rallied on stronger-than-expected Q2…
The company now expects to ship a few thousand more vehicles by the end of 2026 than it previously expected, after launching its R2 SUV last month.
Plaintiffs in the class action complaint allege Rivian falsely promised for years it would bring hands-free driving to its first-generation R1 vehicles.
Rivian CEO RJ Scaringe says the money automakers charge for self-driving software won’t last, comparing autonomy to airbags: a paid option today, baked into the price of every car tomorrow.
The comments, made in a new interview with WIRED, amount to a …
Rivian laid off hundreds of workers on Tuesday, or less than 2% of its workforce, just one week after it began deliveries of its all-important R2 SUV.
The electric automaker confirmed the cuts hit its service and customer teams, which include sales and…
The company said the cuts were part of a restructuring meant to help scale to profitability. Rivian recently pushed back its profitability goal to invest in autonomy.