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In this article NKLARIVNLCID Follow your favorite stocks CREATE FREE ACCOUNTR1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Stock Chart Icon Stock chart icon Performance of Rivian, Lucid and Nikola stocks over the past year. Rivian reported $7.86 billion in cash, cash equivalents, and short-term investments to end March, with more than $9 billion in total liquidity. Lucid, for its part, ended the first quarter with approximately $4.6 billion in cash, cash equivalents and investments, with total liquidity of approximately $5.03 billion. Unlike Rivian and Lucid, Nikola is exclusively focused on commercial vehicles rather than ones to retail customers.
Persons: Brian Cassella, Tesla, Itay Michaeli, Rivian, Rivian's, Peter Rawlinson, he's, Rawlinson, " Rawlinson, LSEG, Nikola, Thomas Okray, Okray, Derek Jenkins, David Swanson Organizations: Tribune, Service, Rivian, Lucid Group, Nikola Corp, Wall Street, Citi, Saudi, Public Investment Fund, Wall, Lucid, Los Angeles Auto Locations: Normal, Illinois, Georgia, Normal , Illinois, Los Angeles , California, U.S
Top Gear tested the Cybertruck camping set up, which starts at nearly $3,000. A rooftop tent on the Rivian R1T seemed a lot quicker and easier to set up. They also brought along a Rivian R1T outfitted with a more standard rooftop tent to compare. Top Gear's head of car testing, Ollie Marriage, showed up with the Rivian R1T and a fairly standard rooftop tent. AdvertisementTop Gear noted plenty of cool things about the Cybertruck camping setup, including how well-integrated the whole design was.
Persons: Tesla's Cybertruck, , it's, Tesla, Jack Rix, Rix, Ollie Marriage, Rivian Organizations: Gear, Service, British, YouTube, Business Locations: Johnson Valley, Southern California
GMC increased the range for its upcoming Sierra EV Denali Edition 1 to 440 miles. That's one of the best numbers among electric pickups, including the Tesla Cybertruck. GMC announced the final specs for its new Sierra EV Denali Edition 1, including a range of about 440 miles — a 10% increase from the initial 400-mile estimate. That's also 100 miles more than the Cybertruck, its most high-profile competitor, which has an advertised range of 340 miles for its beefiest version. AdvertisementDenali Edition 1 deliveries are expected to begin this summer, starting at $99,495, GMC said, followed by other trim levels like the Sierra EV Elevation and the Sierra EV AT4.
Persons: Tesla, , That's, Elon Musk, What's Organizations: GMC, EV, Service, Sierra EV, Ford, Silverado EV, GM, Sierra EV AT4
While still a small minority, campers are more likely to own an electric vehicle than those who don’t go camping, according to a survey by Kampgrounds of America, the nation’s largest campground operator. Only about 1% of Americans currently have an electric vehicle, according to KOA, but about 4% of regular campers do. “We’ve had customers cross coasts, all the way up to Canada, all the way across Canada and back down, all with an electric vehicle,” said Bowlus CEO Geneva Long. Courtesy RivianThe physical layout of most EV chargers can be a challenge for campers. The vast majority of EV chargers are placed at the ends of parking spaces so vehicles have to either pull in, nosing the front bumper up to the charger, or reverse back in.
Persons: I’m, , Matt Linn, Linn, Mike Kowal, McKay Featherstone, They’ve, Bowlus, “ We’ve, Geneva, It’s, Toby O’Rourke, KOA, O’Rourke, it’s, Rivian, Sara Eslinger, ” Linn, Rivian’s Elsinger Organizations: CNN, Ford, Rockwood, Thor Industries, Designers, Airstream, KOA, don’t, EV Locations: America, Texas, Central Coast , California, Canada, Yosemite, Big Sur , California, who’s
Rivian will sell a rooftop tent with a built-in projector for its new models, TechCrunch reported. The tent, called "Treehouse," will be sold as an accessory to its upcoming R2 and R3 models, TechCrunch reported. AdvertisementThe Rivian Treehouse is our take on the rooftop tent. The EV maker is taking $100 preorders for the R2 SUV, with prices for the vehicle starting at $45,000. AdvertisementOwners can also camp inside the R2 SUV as every seat can be folded down.
Persons: Rivian, , Rivian's, Brian Gase, Gase, lanning Organizations: TechCrunch, EV, Service
Rivian CEO RJ Scaringe, in announcing the company's upcoming R2 SUV, also revealed two additional crossovers called the R3 and R3X, a performance variant. The Rivian R3 electric vehicle is unveiled at the Rivian South Coast Theater in Laguna Beach, California, on March 7, 2024. The Amazon -backed company has been burning through cash to improve current EV production and narrow losses. Shifting production of the R2 from the in-development plant in Georgia to the company's plant in Normal, Illinois, will save $2.25 billion, Rivian said in a press release. Rivian CEO RJ Scaringe speaks at an event to unveil a smaller R2 SUV during an event in Laguna Beach, California, U.S., March 7, 2024.
Persons: RJ Scaringe, Mike Blake, It's, Patrick T, Fallon, CNBC's Phil LeBeau, Scaringe, Rivian Organizations: Reuters, Rivian Automotive, Coast Theater, AFP, Getty Locations: Laguna Beach , California, U.S, Georgia, Normal , Illinois
Prices for the R2 SUV, which will go on sale in early 2026, will start at around $45,000, Rivian said. That’s something that set the larger R1S apart among electric SUVs, few of which can seat more than five. The Rivian R2. The Rivian R2 and R3 are Rivian’s smaller, more affordable off-road EVs Rivian“For $75,000 I can buy a Mercedes or a BMW, a 100-year-old Europe power house,” he said. Without naming Rivian, Scout chief executive Scott Keogh noted the advantage of Scout’s established brand name.
Persons: CNN — Rivian, Rivian, R.J, Scaringe, It’s, , ” Scaringe, won’t, Sandeep Rao, , Scott Keogh, ” Keogh Organizations: CNN, US EV, BMW, Kia, Hyundai, Volkswagen, Scout, International Harvester Locations: Georgia, Europe, South Carolina
15,000+ Tesla superchargers available for non-Teslas with an adapter starting todayOn the downside: Did you catch it? Many automakers have switched to Tesla's charging technology over the past year. Tesla's charging network is one of its biggest advantages over EV rivals — from faster and more accessible charging stations to more amenities. Non-Tesla EV owners can charge at updated Superchargers that have a Magic Dock adapter. On Thursday, Tesla opened V3 chargers to Ford owners who can use a NACS adapter supplied by Ford, according to Tesla's website.
Persons: , Tesla, Marques Brownlee, Brownlee, ITuxtLsDju — Marques Brownlee, Elon Musk Organizations: Service, Ford, Business, Ford EV, Tech, Tesla EV, EV, Locations: New York
One laid-off worker said it was their fourth round of layoffs at Rivian, but anxiety was still high. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with a former Rivian employee who was laid off Thursday and spoke anonymously to protect their privacy. This is the fourth round of layoffs I've experienced at Rivian, so I'm a little bit jaded at this point. As much as I loved working for Rivian — I thought the culture was great, the people were fantastic, and the pay was really good — layoffs felt constant.
Persons: Rivian, they'd, , I've, messaged, I'm, It's, We'd, it's Organizations: Service, Chicago Tribune, Ford, Amazon, Gado, Rivian, Business Locations: Rivian, R1S
We'll learn more about the R2 at Rivian's March 7 reveal event. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Debuting next month, the R2 is a crucial piece of Rivian's future as a smaller and cheaper option for a new wave of EV customers. The R2 is currently slated to sell for between $45,000 and $55,000 — which Scaringe called a "really important sweet spot" in the EV market. DeliveriesAfter the March 7 reveal, Rivian will open up pre-orders for the vehicle and begin taking deposits.
Persons: , RJ Scaringe, Rivian, Rivian hasn't, Scaringe Organizations: Rivian's, Service, Tesla, Volkswagen Locations: Georgia
Analysts are growing cautious on Rivian shares as its struggles are worsened by weak electric vehicle demand. RBC has a $15 per share price target, which is roughly 3% below Wednesday's close of $15.39. RIVN 1D mountain Rivian stock. Narayan said legacy automakers are in a better position to navigate the current slowdown in EV demand, and said he expects Rivian stock to "to come under pressure." Langan lowered his price target to $14 per share from $18.
Persons: Rivian, Tom Narayan, expected.It, Narayan, FactSet, Wells, Colin M, Langan, Goldman Sachs, Mark Delaney, Delaney, — CNBC's Michael Bloom Organizations: RBC Capital, RBC, Barclays Locations: Wednesday's
Rivian's cash and cash equivalents were $7.86 billion at the end of the December quarter, compared with $7.94 billion in the preceding three-month period. However, revenue for the October-December period stood at $1.32 billion, above Wall Street estimates of $1.26 billion, according to LSEG data. Rivian has been posting a loss on every vehicle it sells and expects to record its first quarter of positive gross margin later this year. The company's R2 platform, which is expected to be cheaper and smaller, is set to be unveiled early next month. The company reported a net loss of $1.52 billion for the fourth quarter ended Dec. 31, compared with a loss of $1.72 billion a year earlier.
Persons: Rivian, RJ Scaringe, Elon, shying, Tesla, Lucid Organizations: Visible, Tesla Locations: New York, Georgia
The crash test highlights safety experts' concerns about faster and heavier EVs. AdvertisementA new video of a Rivian truck bursting through steel guardrails during a crash test highlights some of the safety concerns experts have raised about heavy electric vehicles. Bigger the car, deadlier the crashSafety experts have previously raised concerns about the risks heavy vehicles and heavier EVs could bring to the roads. In the UK, safety experts say the heavier weight could cause older parking garages across the country to collapse. "There is some urgency to address this issue," Cody Stolle, Midwest Roadside Safety Facility's assistant director, told the publication.
Persons: , Rivian, Ann Carlson, Charles Krupa, Kevin Heaslip, Politifact, Steve Patton, Alexa St, John, Zhe Ji, Myles Russell, they're, Cody Stolle, Ford Organizations: Service, University of Nebraska, Safety Facility, Nebraska Today, Midwest, Safety, National, Traffic Safety Administration, Reuters, Insurance Institute for Highway Safety, Center for Transportation Research, University of Tennessee, P Global Mobility, EV, Alexa, Ferrari, GMC, Ford, Madison Hall, McLaren, Anadolu, Getty, Research, Tesla Locations: Manchester , New Hampshire, Canadian, North America
Read previewWhen Tesla started shipping its much-anticipated Cybertruck in late November 2023, Rivian and Ford got a new electric truck road rival. Advertisement"It's a very Patagonia truck," Conner said of the Rivian, pointing out it's great for off-roading, and he enjoys using the truck for daily driving. Meanwhile, he said the Cybertruck is more for "tech bros" or urban driving, while the F-150 Lightning is the "traditional working man" truck. Conner, who owns the Rivian R1T, said he's driven about a thousand miles testing the Cybertruck and several thousand with an F-150 Lightning test vehicle. The YouTuber said the F-150 Lightning has the larger cab, frunk (front trunk), and bed and is the best of the three as a functional work truck.
Persons: , Tesla, Ford, Kyle Conner, Conner, YouTuber, weren't Organizations: Service, Business Locations: Patagonia
The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 1 (Reuters) - Tesla shares (TSLA.O) fell about 2% on Friday after the highly anticipated launch of its Cybertruck left analysts concerned about the electric vehicle's steep price tag and a longer wait for significant financial payoff. Musk has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. At $235.45, Tesla was set to lose about $15 billion in market valuation on Friday. "Cybertruck is more of a 'halo' product, in our view, to attract consumers to the brand for the mainstream vehicles Model 3 and Model Y," RBC Capital Markets analyst Tom Narayan said.
Persons: Yves Herman, Elon Musk, Wedbush, Bernstein, Musk, Tesla, Tesla's, Rivian, R1T, Tom Narayan, Samrhitha Arunasalam, Chavi Mehta, Devika Organizations: REUTERS, General Motors, Hummer, RBC Capital, Thomson Locations: Drogenbos, Belgium, Bengaluru
Tesla's Cybertruck still makes no sense. Elon Musk livestreamed a delivery event for the pickup truck on Thursday. How it makes sense for Tesla, Elon Musk, or people's daily commutes is still anyone's guess. On its website, Tesla describes the vehicle as being "built for any planet," thanks to its durable and rugged design. "The truck looks absolutely awful.
Persons: Tesla's, Elon Musk, , Musk, 04EfaB01Fb — Jon Erlichman, Gun, I've, Gene Munster, Morgan Stanley, Tesla Organizations: Service, Texas, Porsche, Plaid, CNBC Locations: Texas, Wyoming
Tesla's Cybertruck - top features and specifications
  + stars: | 2023-11-30 | by ( ) www.reuters.com   time to read: +2 min
Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., November 20, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 30 (Reuters) - Tesla's (TSLA.O) Cybertruck has caught the attention of many drivers with its polarizing design that promises a durable build and unique features. The electric pickup, however, enters a fiercely competitive truck market, with automakers trying to one-up rivals with utility and features. Here are some specifications and features of the Cybertruck:RANGEThe base rear-wheel drive variant can travel an estimated 250 miles, while the all-wheel drive and "Cyberbeast" variants can travel 340 miles and 320 miles, respectively. The top two variants can travel further with an optional range extender that takes about a third of the truck's bed space.
Persons: Mike Blake, Cybertruck, Elon Musk, Musk, Akash Sriram, Arun Koyyur Organizations: REUTERS, Porsche, Ford, GM Silverado, DMC DeLorean, Thomson Locations: San Diego , California, U.S, Austin , Texas, Bengaluru
At that event, Musk boasted, "It will be the biggest product launch of anything by far on Earth this year." At the event in Austin, Musk said the Cybertruck's hard steel body was bulletproof, and that its windows were "rock proof." Tesla first unveiled the Cybertruck — with its angular and unpainted hard steel body — in November 2019. The covid pandemic and other factors contributed to a two-year delay however, and Tesla only began early Cybertruck production in July this year. The U.S. electric pickup truck market has not expanded as quickly as some thought when the Cybertruck was initially revealed.
Persons: Elon Musk, Musk, Tesla, Rivian, CNBC's Mike Wayland Organizations: Ford, General Motors, Lordstown Motors, GM, CNBC PRO Locations: New York, Austin, U.S
[1/3] Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., November 20, 2023. Cybertruck, Tesla's first new model in nearly four years, is critical to its reputation as a maker of innovative vehicles. "We dug our own grave with Cybertruck," Musk said last month, warning that it would take a year to 18 months to make the vehicle a significant cash flow contributor. The billionaire has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. Tesla has faced "enormous challenges in reaching volume production" with the Cybertruck because of its new technology and design, Musk said.
Persons: Mike Blake, Elon Musk, Tesla's, Musk, Tesla, Eric Noble, Rivian, R1T, Rivian's R1T, Ford's, Seth Goldstein, Paul Waatti, Akash Sriram, Hyunjoo Jin, Sayantani Ghosh, Bill Berkrot Organizations: REUTERS, New York Times, Dodge, Ford, General Motors, Hummer, Morningstar, Thomson Locations: San Diego , California, U.S, Bengaluru, Hyunjoo, San Francisco
CNN —The first production Tesla Cybertruck is expected to be delivered today – finally – four years after it was first unveiled. Stellantis’s Ram 1500 Rev electric truck will also go into production in late 2024. The Cybertruck is less than 19 feet long, according to Tesla, which is slightly shorter than other full-size trucks. Ample functional front space has been a big selling point for the Ford truck, in particular. That truck is claimed to provide up to 14,000 pounds of towing, the same figure Tesla originally claimed at the Cybertruck’s unveiling.
Persons: Elon Musk, Tesla, Ford, Stellantis’s Ram, ” Musk, Stellantis Organizations: CNN, General Motors, Chevrolet Silverado EV, Ford Maverick, Ford, GM, Pickup
Rivian has made its R1T electric pickup available to lease in 14 US states. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWould-be EV drivers have turned to leasing as a cheaper way to try before they buy, especially considering the high price of many electric vehicles . The Cybertruck, however, will pose a fresh challenge to Rivian's R1T pickup. The futuristic Tesla pickup is set to launch on November 30 after years of hype, with over 2 million people preordering the electric pickup .
Persons: Rivian, Elon Musk's, , Tesla's, — Tesla's, RJ Scaringe, it's Organizations: Elon, Elon Musk's Cybertruck, Service, CNBC, Leasing, Ford, Tesla, Rivians, GQ Locations: Arizona , California , Colorado , Florida, Georgia , Massachusetts, Michigan , Missouri , New Jersey , New York , Nevada , Pennsylvania, Texas, Washington
Would-be Tesla Cybertruck buyers still don't know how much they're spending. Apart from the few remaining details listed and the occasional cryptic tweet from Musk, there isn't much information to tell Cybertruck buyers what they're getting into. Tesla Cybertruck. That makes it even more important to give loyal truck buyers some details to work with. "If you're looking to convert average pickup truck buyers to something different, that's a little harder," Fiorani said.
Persons: Tesla, , Elon, It's, Musk, Cybertruck, William Huston, he's, Ed Kim, AutoPacific, Sam Fiorani, Fiorani Organizations: Service, Ford, Chevrolet, Toyota, AutoForecast Locations: San Francisco
R1T is seen outside startup Rivian Automotive's electric vehicle factory in Normal, Illinois, U.S. April 11, 2022. Picture taken April 11, 2022. REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsNov 27 (Reuters) - Rivian Automotive (RIVN.O) on Monday announced the launch of leasing for its R1T electric pickup truck for customers in select U.S. states. The $7,500 federal tax credit for electric vehicle purchases also applies to customers who prefer to lease, boosting demand. Rivian, earlier this month, raised its production forecast for the full year by 2,000 vehicles to 54,000 units on the back of sustained demand.
Persons: Kamil Krzaczynski, Tesla, Harshita Mary Varghese, Shailesh Organizations: REUTERS, Rivian, Monday, Thomson Locations: Normal , Illinois, U.S, California , New York , Florida, Texas
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Rivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales and customer base beyond early adopters of electric vehicles. The company said the program is available to customers in select states such as California, New York, Florida and Texas – already popular markets for EVs. Leasing has become a popular way for customers to try out an electric vehicle without any long-term commitment. "Today, Rivian launched a new way for customers to get behind the wheel of a Rivian with the introduction of leasing," the company said in an emailed statement.
Persons: Rivian Organizations: EVs, Leasing Locations: South San Francisco , California, California , New York , Florida, Texas, North America
Nov 20 (Reuters) - Rivian Automotive (RIVN.O) said on Monday that CEO RJ Scaringe would directly oversee all product development effective immediately as the electric-vehicle maker gears up to unveil and launch its smaller and cheaper vehicle family. Chief Product Development Officer Nick Kalayjian would move to the role of executive vice president, vehicle engineering and propulsion before transitioning to an advisory role, the company said. "It's a big year for product for Rivian, so RJ is doubling down on the introduction of our new technologies in 2024 and the design and development of R2," a spokesperson for Rivian told Reuters. The company's product reporting structure will include software, autonomy, design, vehicle, electrical, propulsion and programs categories, Rivian said. "I know that (Scaringe) spending more time working with our product teams will create significant value for all of us and our shareholders," Kalayjian, who joined Rivian in 2020, said in another internal email seen by Reuters.
Persons: RJ Scaringe, Nick Kalayjian, Rivian, Nick, Scaringe, Tesla, Elon Musk, Kalayjian, Abhirup Roy, Bhanvi, Shilpi Majumdar, Bill Berkrot Organizations: Rivian, RJ, Reuters, General Motors, Ford, Thomson Locations: Rivian, San Francisco, Bengaluru
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