Every EVXL story tagged “R2” — newest first.
Rivian Automotive is laying off approximately 600 employees—roughly 4.5% of its workforce—as the electric vehicle maker faces mounting pressure from the September 30 expiration of federal EV tax credits and a broader slowdown in EV demand. The layoffs, first reported by The Wall Street Journal, mark the third workforce reduction in just four months for…
Rivian CEO RJ Scaringe has hinted at a broader lineup of affordable electric vehicles, including the R4, R5, and potentially an R6, following the launch of the R2 in early 2026 and R3 in 2027. The comments came during his appearance on Daniel Tosh’s Tosh Show podcast, where he also discussed the company’s ongoing production…
Rivian has unveiled plans for its new East Coast headquarters in Atlanta, a key step that supports the automaker’s renewed push to scale production at its nearby Georgia manufacturing facility. This development follows months of financial adjustments, including layoffs, but highlights Rivian’s focus on growth through affordable electric vehicles. The headquarters will open in late…
Rivian Automotive shares fell sharply on Monday following a downgrade from Guggenheim, as analysts cited mounting challenges from recent policy changes under President Trump that scrap key incentives for electric vehicle buyers. This development raises questions about affordability for EV enthusiasts eyeing Rivian’s lineup, potentially slowing adoption in a competitive market. According to a Barro
On July 3, 2025, shares of Rivian Automotive Inc. and Lucid Group Inc. surged by up to 4.6% and 8.8%, respectively, following a BNP Paribas analysis suggesting that the electric vehicle (EV) manufacturers could benefit from President Donald Trump’s tax bill, which eliminates the $7,500 EV tax credit after September 30, 2025. Bloomberg reports that…
In a bold move to supercharge its electric vehicle (EV) production, Rivian is investing $120 million to build a supplier park near its Normal, Illinois plant, a project that promises to streamline operations, create jobs, and solidify the state’s role as an EV manufacturing hub. Announced on May 5, 2025, this 1.2 million-square-foot facility is…
On May 6, 2025, Rivian Automotive will unveil its first-quarter financial results, a pivotal moment for electric vehicle (EV) fans and investors eager to see if the company can navigate a stormy market while keeping its adventurous spirit alive. With production humming and the R2 platform on the horizon, Rivian’s earnings call promises insights into…
Rivian Automotive’s stock soared this week after reports revealed the electric vehicle (EV) maker outsmarted looming U.S. tariffs by stockpiling critical battery materials from Asia. According to Bloomberg, Rivian quietly amassed lithium-iron phosphate (LFP) battery cells from China’s Gotion High-Tech Co. late last year, a move that’s now shielding it from tariff-driven cost spikes and…
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