But when interest rates declined in 2024, Rivian and Lucid didn't bounce back even as investors pivoted back toward more ...

Rivian said it would make fewer electric vehicles this year than it did in 2023, resulting from a parts shortage. The news came as the company reported third quarter production and delivery ...

The company has recently rolled out a promotion offering a $2,500 discount on 2023 R1T and R1S models in the United States. We’ve reached out to Rivian to confirm if this offer applies to all ...

Buyers of the dual- or quad-motor 2023 Rivian R1T that have the Large pack can enjoy USD 6,000 or CAD 9,000 off. Those who want a bit more range can obtain a USD 7,250 or CAD 11,000 discount for ...

This 2023 Rivian R1S is an Adventure Edition model, powered by a Quad-Motor setup, working alongside a 135-kWh battery pack. It was purchased new by its original owner and recently sold at auction ...

The Q1 total loss is $685 million, which is down from Q1 2023’s $780 million loss. Revenue is also up, to $173 million for Q1, and it says it has $2.2 billion in cash sitting around.

Those costs pushed the loss from operations to a huge $5.7 billion in 2023. Rivian's balance sheet had nearly $7.9 billion in cash and $1.5 billion in short-term investments on it at the end of 2023.

Rivian EV Deliveries - Q1 2024 For reference, in 2023, Rivian produced over 57,000 electric vehicles and delivered more than 50,000. In both cases, the results more than doubled compared to 2022.

Rivian reported $1.2 billion in revenue during this year’s first quarter, an 8.4% decrease from the fourth quarter but 82% more than Rivian reported during the first three months of 2023.

Rivian is slashing its annual forecast to 47,000–49,000 vehicles in 2024, down from 57,000 vehicles in its original prediction.