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Rivian Secures $827 Million in Funding to Expand in Illinois

Rivian Secures $827 Million in Funding to Expand in Illinois
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Rivian Beats EV Production Estimates With Shipments Rebounding

Rivian Beats EV Production Estimates With Shipments Rebounding
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Rivian Cuts 10% of Salaried Staff as Output Forecast Misses

(Bloomberg) Rivian Automotive Inc. revealed plans to cut 10% of its salaried workforce and set production guidance well below Wall Street’s expectations as the maker of electric vehicles grapples with stagnant demand and economic turbulence.Most Read from BloombergNvidia Surges After AI Boom Shows No Signs of Letting UpTech Up in Late Hours on Nvidia’s Bullish Outlook: Markets WrapBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Your 401(k) Will Be Gone Within a DecadeChina Tig ....

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Rivian Needs to Show It Can Stop Burning Cash as EV Demand Slows

(Bloomberg) Rivian Automotive Inc. lost its claim to be Tesla Inc.’s most credible competitor long ago. Now, its ability to navigate an EV demand slowdown poses its biggest test.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersA $6 Trillion Wall of Cash Is Holding Firm as Fed Delays CutsYour 401(k) Will Be Gone Within a DecadeWith even a ....

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Rivian's Quarterly EV Deliveries Fall Short of Estimates

Rivian's Quarterly EV Deliveries Fall Short of Estimates
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