Rivian
Tesla, Lucid and Rivian make their vehicles in the U.S. with significant domestic parts. But none of the EV brands are immune from tariff impacts.
Rivian and Lucid racked up billions in losses last year amid modest sales, rising factory incentives and growing uncertainty in the EV market.
Ben & Jerry’s is taking the ICE out of ice cream trucks with two electric Rivian vans that will serve up scoops on the go.
Despite the net loss, the electric vehicle maker reported a positive gross profit of $170 million, partly through regulatory credits that it sells other automakers.
Rivian reports fourth-quarter earnings Feb. 20 after forecasting positive gross profit, which would be a significant milestone for the young automaker.
The state now prohibits all direct sales except for Tesla. Proposed legislation would allow Rivian and Lucid direct sales, with some requirements.
Rivian is leveraging its second-generation vehicle platform to advance driver-assist features and close the gap with industry leader Tesla.
Rivian CEO RJ Scaringe said the transition to EVs is about transportation technology advances rather than politics.
VW and potentially other traditional automakers are poised get quick and easy access to Rivian's technology and software they have struggled to build independently.
The deal in the waning days of the Biden administration could insulate the loan from attempts to cut back on the Department of Energy’s Loan Programs Office, analysts say.
