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☆ The $113,000 Hummer EV is totally outrageous in every way — and that's what makes it such a good time
▼ + stars: | 2022-11-26 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The GMC Hummer EV is ridiculously large, astonishingly quick, and excessive in every way. GM lent me a Hummer EV Edition 1, which retails for around $113,000. First, the basicsThe 2022 GMC Hummer EV Edition 1. The Hummer EV pickup launched in late 2021, and an SUV is on the way for 2023. What falls short: New Hummer, same problemsThe Hummer EV is wildly inefficient compared to its competitors, which is both unfortunate and on brand.

☆ I've driven all 3 electric pickup trucks on the market — here's why I'd buy the Rivian R1T over the F-150 Lightning or Hummer EV
▼ + stars: | 2022-11-23 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The Rivian R1T, Ford F-150 Lightning, and GMC Hummer EV are three very different takes on the electric truck. The Ford F-150 Lightning. But the Ford F-150 Lightning, GMC Hummer EV, and Rivian R1T couldn't be more different. F-150 LightningThe Ford F-150 Lightning. Rivian R1TThe Rivian R1T.

☆ Rivian’s CEO created buzzy, outdoorsy EVs. Now big automakers are coming after it
▼ + stars: | 2022-11-22 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +11 min

Even now, as the company’s assembly lines have started churning out its electric vehicles, success still isn’t assured. The 39-year-old is running the car company he founded, building electric vehicles he helped engineer and design. Jamie Kelter Davis/Bloomberg/Getty ImagesEver since he was a child growing up in Melbourne, Florida, Scaringe wanted to start his own car company. At the time, the idea of starting a car company seemed very farfetched. Robert Joseph "RJ" Scaringe, Rivian's founder and CEO, said he had wanted to start a car company since he was a child.

☆ Rivian’s founder had an early advantage with his electric truck. Now rivals GM and Ford are closing in
▼ + stars: | 2022-11-22 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +11 min

Even now, as the company’s assembly lines have started churning out its electric vehicles, success still isn’t assured. The 39-year-old is running the car company he founded, building electric vehicles he helped engineer and design. A Rivian R1T pickup truck at the company's manufacturing facility in Normal, Illinois. Robert Joseph "RJ" Scaringe, Rivian's founder and CEO, said he had wanted to start a car company since he was a child. In 2021, Ford revealed the F-150 Lightning electric truck, which went into production this year.

☆ Doubters swore they'd never give up their F-150 to go electric - but she changed their minds. Here's how
▼ + stars: | 2022-10-30 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +5 min

The F-150 Lightning has had 200,000 orders and helped create a new generation of truckers. The woman rising to that challenge for Ford is Linda Zhang, the chief engineer of Ford's electric version of the F-150 called the Lightning. The electric F-150 Lightning can also be used as a power source. Towing was the other major barrier, as many potential customers feared the electric version would not have the same power as the petrol-fueled equivalent. "The significance of the F-150 Lightning in modern automotive manufacturing cannot be overstated," said the AAA's Brannon.

☆ Rivian owners can’t help but gush about their trucks, flaws and all
▼ + stars: | 2022-10-27 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +9 min

“The Rivian is probably my favorite vehicle.”A Rivian R1T leaves the assembly line at its manufacturing plant in Normal, Illinois. Rivian owners have generally praised the R1T's features, including the gear tunnel for extra storage. Barnhart was one of several Rivian owners who said they were pleased with how accurately Rivian estimates its vehicles range. Feehley and other Rivian owners say it’s common to get questions from curious onlookers in parking lots, or to have people in cars driving alongside them taking pictures. Rivian owners describe being unwilling to ever sell their trucks.

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, Tesla, Microsoft, Rivian & more
▼ + stars: | 2022-10-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Piper Sandler initiates Deckers as overweight Piper said it's bullish on the company's Hoka shoe brand. Bernstein reiterates Tesla as underperform Bernstein said it's concerned about China competition for Tesla. Mizuho reiterates Rivian as buy Mizuho said Rivian is best positioned with China concerns and potential EV slowdowns globally. Morgan Stanley reiterates Tesla as overweight Morgan Stanley lowered its price target on Tesla to $330 per share from $350 and said it's changing estimates to account for "unexpected headwinds." JPMorgan reiterates Apple as outperform JPMorgan said it has "resilient expectations" heading into Apple earnings later this week.

☆ Sierra EV joins General Motors' electric truck family in early 2024
▼ + stars: | 2022-10-20 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

The first version, due in early 2024, is the fully loaded Sierra EV Denali Edition 1, which will be built in limited numbers and priced from $107,000. Register now for FREE unlimited access to Reuters.com RegisterLike its sister model, the Chevrolet Silverado EV, the four-door Sierra EV shares its Ultium battery pack with the GMC Hummer EV. The high-end Sierra EV Denali Edition 1 boasts 754 horsepower and an estimated range of 400 miles. When the battery pack is depleted, a DC fast charger can add about 100 miles of range in 10 minutes, GM said. The feature-laden Sierra EV Denali comes with an adaptive air suspension, a massive 16.8-inch center display, 14-inch multi-color head-up display, panoramic glass roof and Super Cruise hands-free driving assist.

☆ Rivian lost $2 billion in market value in a single day after recalling nearly all of its EVs
▼ + stars: | 2022-10-11 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Rivian lost more than $2 billion dollars from its market value in a single session on Monday. It followed the company's decision to voluntarily recall nearly all of its vehicles on Friday. On Friday, Rivian had a total market value of $29.99 billion, by the close of the day Monday it had fallen to $27.81 billion, per CompaniesMarketCap. In March, the company cut its 2022 production forecast in half due to supply chain shortages, per Reuters. Rivian did not immediately respond to Insider's latest request for further comment, and an update on the recall, which was made outside of standard business hours.

☆ Rivian shares slump after the company announced a big recall
▼ + stars: | 2022-10-10 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

Through the end of September, Rivian had built about 15,300 vehicles since starting production in the fall of 2021. The company had set a goal to reach 25,000 vehicles produced by the end of the year. If the fastener isn't tight, Rivian said, it could affect the alignment of the front wheels, potentially causing vibrations and noise and changing the feel of the steering. Rivian said that it is aware of seven reports of issues that could be related to the fastener in question. The company had $15.5 billion on hand as of the end of the second quarter, far more than most rival EV startups.

☆ Rivian recalling 13,000 vehicles for loose bolt
▼ + stars: | 2022-10-08 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Rivian, the Irvine, California-based electric vehicle company, is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles’ front suspension. Seven instances potentially related to this issue have been reported and there have been no reported injuries, according to Rivian. Customers who begin to notice any unusual noises or vibration from the front of their vehicles are advised to contact Rivian immediately. Rivian is asking customers to bring their trucks into a Rivian service center to have the nut inspected and tightened if necessary. In the event that customers’ vehicles need to kept for service for any extended period, loaner vehicles will be provided.

☆ What Cramer is watching Wednesday — bonds crush us, J&J sets $5 billion buyback, Starbucks raises
▼ + stars: | 2022-09-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Johnson & Johnson (JNJ) announces a $5 billion buyback and affirms adjusted operational EPS of $10.70, or 9.2% growth, for the full year. Club holding Starbucks (SBUX) raises guidance significantly, high single-digit earnings per share and double-digit revenues. Club holding Costco' s (COST) Kirkland doing well by the way but so are branded. Club holding Apple (AAPL) back on its ramp? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ I drove the coolest new electric SUV in the US. Here's a full photo tour of the fabulous Rivian R1S.
▼ + stars: | 2022-07-09 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Set the R1S to Rock Crawl or All Terrain mode and jack up its ground clearance to the max — 15 inches — and the R1S makes light work of treacherous boulders, water crossings, and impossibly steep grades. The Rivian R1S. Tim Levin/InsiderRead our review of the Rivian R1T here.

☆ Giants like Amazon, Walmart, and FedEx are desperate for electric delivery vans. Here are 7 hot names racing to win them over and lead in the projected $370 billion market.
▼ + stars: | 2022-02-14 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +10 min

Major players like Amazon, UPS, and FedEx are driving demand for electric delivery vehicles. Here's a look at seven new names tapping into the red-hot commercial electric-vehicle sector, according to industry experts. The Walmart order was especially noteworthy, as budding commercial electric-vehicle players race to win contracts with the world's largest e-commerce giants. RivianThe EV startup Rivian began turning heads in 2019 when Amazon announced it was ordering 100,000 of its electric delivery vans. Lightning eMotors recently struck a deal to electrify certain General Motors medium-duty truck platforms that can be used for buses, delivery trucks, and work trucks.

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