Tesla is stealing the headlines with its latest robotaxi service, which recently launched in Austin, Texas. Rivian Automotive (RIVN 6.08%), meanwhile, has stayed in the shadows due to a lack of flashy milestones.
Tesla (TSLA 2.31%) made a decision when it built its business to start with high-end vehicles. And then it charted a path toward more moderately priced vehicles.
ATLANTA--(BUSINESS WIRE)--Rivian, Georgia Governor Brian Kemp, and Atlanta Mayor Andre Dickens today announced the American electric vehicle company will establish a new East Coast Headquarters in Atlanta, Georgia as part of its landmark investment in the state. The office will open in late 2025, followed by further expansion in 2026 as construction accelerates at the company's new manufacturin...
Rivian will resume prep-work on its planned Georgia factory in August and is still looking to break ground early next year, according to emails TechCrunch obtained through a public records request.
Shares of Rivian Automotive Inc. (NASDAQ: RIVN) are down 4.4% over the past five trading sessions, after a big analyst downgrade and recent disappointing delivery numbers.
Rivian is making significant progress towards profitability due to major cost reductions, despite current sales challenges in the premium EV sector. The upcoming R2 and R3 models are set to dramatically boost sales, with production ramping up at the Normal, Illinois facility in 2026. Tesla's recent struggles and Elon Musk's political distractions create an opportunity for Rivian to capture mark...
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