Motorsports and off-road competition isn’t the typical fodder over here at TechCrunch — unless, of course, there also happens to be a podium-winning team driving an all-electric 2023 Rivian R1T. The Rebelle Rally, the longest off-road map-and-compass rally in the United States, wrapped up Friday evening with a new EV milestone under its belt. This … Read more
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Your usual host Kirsten was shredding off-road at the Rebelle Rally this week, so I’ll be taking over the newsletter. Let’s jump in with a few words about Tesla. … Read more
Rivian Automotive, General Motors, and Lamb Weston Holdings are among the top trending tickers on Yahoo Finance Live. Rivian’s (RIVN) stock fell sharply after announcing a $1.5 billion convertible bond offering. The Wall Street Journal is reporting that at least 20 million General Motors (GM) vehicles have air bags with a potentially dangerous part that … Read more
McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in convertible notes and offered preliminary third-quarter revenue guidance roughly in line with Wall Street’s … Read more
In 2023, the EV market is no longer about startups. Instead, the race to shift to electric vehicles has morphed into a competition between the world’s largest automotive companies and a host of smaller rivals that have gone public. The latter are often deeply unprofitable. The Exchange explores startups, markets and money. Read it every … Read more
Rivian CEO RJ Scaringe supplied extra particulars Thursday on the corporate’s plans to replace the {hardware} in its EVs subsequent 12 months — below a program internally known as Peregrine — that he says will end in main value financial savings. One of many greatest payoffs? Altering the digital management unit (ECU) structure inside its … Read more
Manufacturing of electrical Rivian R1T pickup vehicles on April 11, 2022 on the firm’s plant in Regular, Sick. Michael Wayland / CNBC Electrical car maker Rivian Automotive on Tuesday reported a loss for the second quarter that was narrower than anticipated and raised its manufacturing steerage for the total yr. It now expects to construct about 52,000 automobiles … Read more
Welcome again to The Station, your central hub for all previous, current and future technique of shifting individuals and packages from Level A to Level B. Rebecca Bellan right here, and yup, I’m nonetheless steering the ship. The largest information this week has been Elon Musk’s go to to China, a transfer that has the … Read more