Rivian CEO says new R2 SUV, autonomy make 2027 an ‘inflection year’ as EV maker marks five years since IPO
Rivian CEO RJ Scaringe says 2027 will be an “inflection year” as the EV maker scales R2 and invests in autonomy.
Rivian CEO RJ Scaringe says 2027 will be an “inflection year” as the EV maker scales R2 and invests in autonomy.
Rivian-backed ALSO set out to build a modular e-bike — and ended up competing with AI server farms for chips.
Also co-founder and president Chris Yu told TechCrunch that he wanted to prioritize autonomous vehicles.
These are some of the stocks posting the largest moves midday.
These are the stocks posting the largest moves in early trading.
The bank upgraded the electric vehicle stock to buy from neutral.
Rivian wants to be an autonomy powerhouse, not just an EV maker.
Automakers including Ford, Rivian and GM are expanding 3D printing to make prototypes, factory tools and low-volume parts faster and at lower cost.
Rivian doesn't disclose if the value of its $5.8 billion joint venture will expand as a result.
Rivian is seeing strong enough sales of the new EV that it improved its guidance to Wall Street for the second time this year.
Rivian also revised its 2026 guidance to mark expected improvements in its vehicle deliveries, pre-tax adjusted earnings and capital expenditures.
The R2 is officially Rivian’s top seller by volume, but a surging software business and the VW tech partnership are what really powered its $176M gross profit in Q3.
RJ Scaringe says autonomy can create “dramatically different experiences”. Rivian has now bought Third Dimension AI to recreate real roads in 3D.
Terms of the deal weren’t disclosed.
Founder and CEO RJ Scaringe said he thinks autonomy will allow his company to build radically different kinds of vehicles than the outdoorsy SUVs and trucks it currently makes.
Field also worked on Apple's secretive car project and oversaw development of the Tesla Model 3.