Rivian Van News Today

Joining us for the hour stephanie link from nuveen, a tiaa company so we lost the gains is it on fears ha a trade 2k5e8s getting pushed snout is the market expecting a trade deal at this point i think were a little more optimistic about a trade deal most recently and thats why we rallied as much as we did and thats why rates actually increased over the last couple of weeks but yeah, i think the commentary today about trade kind of pushed us down. But i really think were still trying to digest wh...

CEO said Rivian is pursuing "the best risk-adjusted returns" on its capital investments and focusing on its existing consumer and commercial businesses.

For both Amazon and Ford, Q2 was the second consecutive quarter of the year with major losses caused by the volatility of their stakes in Rivian.

RJ Scaringe says Rivian is planning a broader range of electric commercial vehicles in a variety of shapes and sizes using the same platform as the Amazon van.

There are currently a few hundred Amazon EDVs (Electric Delivery Vehicles) in operation and the plan is to have thousands of them in 100 cities by the end of the year.

On Tuesday, Rivian announced it would be increasing vehicle pricing by roughly 20 percent to account for higher inflationary pressures and higher component costs. It’s not the first electric vehicle startup to do so, or even the first automotive business that realized the hectic economic situation has created a window for expanding profit margins. But […]

This will become an increasingly common sight as more of these vehicles reach owners or go into active service respectively.

Amazon’s founder and CEO Jeff Bezos announced today that he will transition to Executive Chair in the 3rd quarter of 2021, with Andy Jassy to replace him as CEO at that time. In a statement about the progression, Bezos said, “Amazon is what it is because of invention. We do crazy things together and then make them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marke...