Rivian founder and CEO RJ Scaringe is increasing his stake in his company just days after Ford cut its stake by selling millions of shares in the fledgling automaker. According to a regulatory filing published […]
Rivian‘s electric delivery van production could slow down due to an ongoing legal battle with one of their suppliers. In March, Rivian sued Commercial Vehicle Group, accusing the company of violating their supply contracts. The […]
Ford has sold more of its shares in Rivian, the second time it has done so this week after the automaker’s IPO lockup period ended on Monday. In a regulatory filing on Friday, Ford disclosed […]
Rivian is recalling over 500 R1T electric pick up trucks due to a defective safety feature that might injure children in a crash. According to the recall document posted to the National Highway Traffic Safety […]
Rivian published their Q1 2022 earnings report this afternoon, and within it announced a new order process that will leave new reservation holders vulnerable to future price changes. According to Rivian, the new reservation system […]
Rivian has published their Q1 2022 earnings report after markets closed on Wednesday, missing Wall Street estimates and posting a net loss of $1.6 billion. According to the report, Rivian recorded $95 million in revenue […]
Ford Motor Co. confirmed in a Form 4 filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday that it has sold 8 million of its shares in Rivian (RIVN). Each share was sold for […]
Rivian has had a bit of a tough stretch. However, yet another big news day is coming on Monday. The automaker’s initial public offering (IPO) lockup ends on Monday May 9, allowing early investors to […]
Rivian is planning to build their second manufacturing facility in Georgia, and on Monday state officials revealed details of the lucrative incentive package provided to the electric automaker. According to Georgia’s Department of Economic Development, […]
Ford Motor Co. published their Q1 2022 earnings report yesterday, posting a net loss of $3.1 billion. One of the major reasons for the red figure was due to their investment in Rivian. Ford currently […]
Copyright © 2019-2022 | Drive Tesla Canada