Waymo Closes $5.6 Billion Funding Round
Waymo, Alphabet Inc.’s autonomous driving unit, raised $5.6 billion from investors, its largest-ever funding round.
Rivian Beats EV Production Estimates
Rivian Automotive built and delivered more electric vehicles last quarter than Wall Street expected, giving the automaker a boost as it grapples with production hurdles and heavy costs.
Tesla Staff Ordered to Demo Full Self-Driving Mode to Buyers
Tesla Inc. staff are now required to install and demonstrate the company’s driver-assistance technology before handing cars over to buyers in North America.
Rivian Puts Georgia Factory Plans on Pause
Rivian Automotive is pausing plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle.
Rivian’s Quarterly EV Deliveries Fall Short of Estimates
Rivian Automotive Inc. missed expectations for quarterly electric vehicle deliveries, weighing on the manufacturer’s shares even as production ramped up during the past year.
Rivian CEO Adds Product Oversight to Responsibilities
Rivian Automotive CEO RJ Scaringe will take on an expanded role overseeing all product-related functions as the automaker prepares for the next generation of its electric vehicle lineup.
Rivian’s Forecast Falls Short
Rivian Automotive disappointed investors by maintaining its full-year guidance even as production and deliveries in the third quarter exceeded Wall Street expectations.
Rivian Will Build 52,000 EVs This Year, More Than Planned
Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market.
Rivian Ships First Amazon Electric Delivery Vans to Europe
Rivian Automotive Inc. started delivering the electric vans it makes for Amazon to Europe in the EV maker’s first commercial shipments outside the U.S.
Rivian Adopts Tesla’s EV Charging Standard
Rivian Automotive Inc. will incorporate Tesla Inc.’s electric vehicle charging ports into future automobiles and gain access to its supercharger network.