Rivian and Lucid are both electric vehicle manufacturers, but that’s where the comparisons end when looking at each company’s third-quarter earnings results. Rivian beat the street’s expectations as Lucid fell short. Headlight.News has details.
Rivian news
Rivian Finishes Q1 in Black Again as Lucid Sets New Delivery Record
American EV makers Rivian Automotive and Lucid Motors released their first-quarter earnings results, each hitting positive markers for the period. Rivian earned another $1 billion in funding from Volkswagen for turning a gross profit. Meanwhile, Lucid hit another vehicle delivery record during the period. Find out more at Headlight.News.
Ben & Jerry’s Scoops Up Two Rivian Electric Delivery Vans
Many Americans are becoming accustomed to the sight of Amazon drivers running around town in all-electric delivery vans produced by Rivian. Well, now if you’re looking for some Ben & Jerry’s ice cream, hunt down a Rivian. Find out more at Headlight.News.
Rivian Secures $6.6B DOE Loan to Build Georgia EV Plant
Georgia politicians can now breathe easier as Rivian’s plans to build an electric vehicle production plant about an hour north of Atlanta appear to be back on track. The California-based EV maker secured a $6.6 billion loan from the Department of Energy to build the plant, which was put on hold earlier this year. The loan comes in addition to $1.5 billion in state incentives already granted. Details at Headlight.News.
Rivian Falls Short of Wall Street Predictions While Lucid Exceeds
EV makers Rivian and Lucid reported their third quarter earnings results. When the dust settled Rivian was reassuring shareholders while Lucid was celebrating with them. Find out how each automaker did at Headlight.News.
Fire at Rivian’s Illinois Plant Damages EVs, Assembly Plant Unaffected
Rivian reports fire at its Normal, Illinois assembly plant. Fire damaged multiple EVs in a storage lot but it’s not known how many were destroyed by the blaze and whether it will affect deliveries of vehicles to consumers.
Rivian Beats Q2 Earnings Estimates, Predicts Q4 Profit
EV maker Rivian beat its second quarter earnings estimates, but more importantly predicted it would be in the black for the first time ever in the final quarter of 2024. A series of cost cutting measures and changes to the way the company sells vehicles combined to make the second quarter a good one. Find out more at Headlight.News.
Volkswagen Says Plans For Scout Still On Track After Rivian Investment Deal
Volkswagen’s investment deal with Rivian opened up new avenues of cooperation between the two firms in the world of electrification. However, Volkswagen confirms that plans for the revival of the Scout brand are still on track despite its agreement with the upstart EV company.
Rivian Gets $5B Investment from Volkswagen
Larger automakers just can’t seem to stay away from EV startup Rivian. Ford Motor Co. once held a large, multi-billion dollar stake in the company and now Volkswagen plans to invest $5 billion in company. What does it mean? Go to Headlight.News for the story.
Rivian Q1 Earnings Fail to Make Grade, CEO Declines Comment on Apple Talks
EV maker Rivian reported first quarter earnings that were slightly better than its year-ago results but ended up falling short of analysts’ expectations. The company generated more revenue, but increased costs chewed up profits. Find out more about what happened at Headlight.News.
Rivian Gets $827M to Expand Illinois Plant to Build New Vehicle
EV maker Rivian received $827 million in new incentives from the State of Illinois to expand its production facility in Normal. The company currently builds all of its vehicles there, but the expansion will allow it increase production levels as well as handle...
Rivian Surprises with Three New Electric Vehicles: R2, R3, R3X
The long wait, which was somewhat spoiled by a leak, for Rivian’s next vehicle line came to an end today with a massive surprise: Rivian’s third vehicle. Headlight.News has the story.