The National Highway Traffic Safety Administration is investigating how electric car maker Rivian services its vehicles' rear suspension components, after receiving two reports from owners who lost control of their cars while driving.
Rivian has finally revealed that the first customers of the company's new R2 SUV will get their vehicles on June 9.
RIVN's R2 mass-market ramp up is underway, targeting two production shifts by the end of 2026 while delivering higher volumes at richer gross margins via significant cost reductions. Software/services revenue surged +48.7% YoY in FQ1'26, driven by Autonomy+ monetization and a joint venture with VWAGY, aided by the promising future robo-taxi opportunities with UBER. With nearly $8B in available liquidity and diversified funding avenues, RIVN is well-capitalized to bridge near-term losses and elevated capex trends before achieving profitability.
RIVN's R2 launch, VW and Uber deals, and growing autonomy revenues can boost margins as EV deliveries climb in 2026.
Rivian (RIVN) has been one of the major letdowns in the electric vehicle industry. The company's current valuation stands at approximately $17 billion, representing a decline of nearly 90% from its peak after the IPO, as investors continue to concentrate on immediate vehicle production, cash expenditures, and manufacturing capacity.
Rivian Automotive (RIVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Rivian Automotive Inc (NASDAQ:RIVN) shares rose 4.2% on Wednesday after its spinout Mind Robotics, an artificial intelligence-driven industrial robotics company, closed a $400 million funding round that valued the startup at $3.4 billion. The May 2026 round was led by Kleiner Perkins and also drew participation from the venture arms of Volkswagen and Salesforce.
Rivian's spinoff company Mind Robotics has raised another $400 million, just two months after raising $500 million, as it works to develop industrial robotics that can further automate factory operations.
Your Rivian can now manage your calendar, warm your passengers' seats and text your ETA -- all without even looking at the screen.
Rivian is working on undisclosed variants of its R2 electric vehicles, the company's CEO said, days after starting volume production of the smaller and more affordable SUVs.
Rivian (NASDAQ:RIVN | RIVN Price Prediction) currently trades around $15, while Wall Street's average price target sits at $18.16.
RIVN beats Q1 estimates as deliveries jump and software surges, but rising costs and automotive losses weigh on margins and cash flow outlook.