Rivian Automotive, Inc. / De Stock Price, News & Analysis

Rivian Automotive (NASDAQ: RIVN) has announced that its Founder and CEO RJ Scaringe will participate in a fireside chat at the TD Cowen 9th Annual Future of the Consumer Conference. The event is scheduled for Tuesday, June 3, 2025, at 3:30PM ET. The company will provide a live webcast of the discussion for interested viewers.

Samsara (NYSE: IOT) and Rivian (NASDAQ: RIVN) have announced a strategic partnership to streamline electric fleet management. The integration enables Samsara customers to access Rivian vehicle data directly through the Samsara Platform, providing real-time visibility into essential metrics like GPS location, odometer readings, and state of charge.

The collaboration offers key benefits including unified data viewing, enhanced real-time visibility, scalable fleet management solutions, and simplified operations with immediate activation. Fleet managers can monitor comprehensive vehicle operations data including location, speed, mileage, state of charge, and seatbelt usage, particularly beneficial for last-mile delivery and rental operations.

The integration is now available to customers in the United States through the Samsara App Marketplace.

Rivian (NASDAQ: RIVN) reported strong Q1 2025 financial results, achieving its second consecutive quarter of gross profit at $206 million. This milestone unlocked an expected $1 billion investment from Volkswagen Group, set to be funded by June 30, 2025. The company produced 14,611 vehicles and delivered 8,640 units in Q1. Due to global trade impacts, Rivian revised its 2025 delivery outlook to 40,000-46,000 vehicles. The company maintains its adjusted EBITDA loss forecast of $(1.7B) to $(1.9B) and expects modest positive gross profit for full-year 2025. Capital expenditure guidance was raised to $1.8B-$1.9B. Notable achievements include completing over 36,000 demo drives in Q1 and securing HelloFresh's Factor as its first major commercial van fleet customer with 70 vehicles.

Rivian Automotive (NASDAQ: RIVN) has appointed Aidan Gomez to its board of directors. Gomez, the Co-Founder and CEO of Enterprise AI startup Cohere, brings significant expertise in Artificial Intelligence and data science to the electric vehicle manufacturer.

Prior to founding Cohere, Gomez worked as a Researcher at Google Brain under Nobel Prize winner Geoffrey Hinton. He holds a BS from the University of Toronto and a Ph.D. in Computer Science from the University of Oxford.

RJ Scaringe, Rivian's Founder and CEO, highlighted that Gomez's leadership in AI will support the company's integration of cutting-edge technologies across products, services, and manufacturing operations.

Rivian has announced its participation in the upcoming Bank of America Securities 2025 Automotive Summit. The electric vehicle manufacturer's Chief Financial Officer, Claire McDonough, will engage in a fireside chat scheduled for Wednesday, April 16, 2025, at 3:50 PM ET. The event will be accessible to interested parties through a live webcast.

Rivian Automotive (NASDAQ: RIVN) has released its Q1 2025 production and delivery figures. The company produced 14,611 vehicles at its Normal, Illinois facility and delivered 8,640 vehicles during the quarter ending March 31, 2025.

These results align with Rivian's previously communicated outlook of approximately 14,000 vehicles produced and 8,000 vehicles delivered. The company has reaffirmed its 2025 delivery guidance range of 46,000 to 51,000 vehicles.

Rivian will release its first quarter 2025 financial results on May 6th, 2025 after market close, followed by an audio webcast at 5:00 p.m. ET to discuss performance and business outlook.

Rivian (NASDAQ: RIVN) has announced the spin-off of its micromobility business into a new company called Also, Inc. The new venture, focused on small, lightweight electric vehicles, has secured a $105 million investment from Eclipse Ventures. Rivian will maintain a substantial minority ownership stake and may collaborate through its retail footprint.

The micromobility program, initially developed in stealth mode, aims to leverage Rivian's expertise in software, electronics, and electric propulsion to create cost-effective and enhanced products. Rivian's CEO RJ Scaringe will serve as Also's Board Chairman.

Meanwhile, Rivian continues to progress toward its R2 launch in Normal, Illinois, with customer deliveries of the new midsize SUV expected to begin in the first half of 2026.

Rivian (NASDAQ: RIVN) has announced that Founder and CEO RJ Scaringe will take part in a fireside chat at the Wolfe Research Virtual Autos Summit. The event is scheduled for Tuesday, March 18 at 12:30 PM ET, with hosts Emmanuel Rosner and Shreyas Patil from Wolfe. The company will provide a live webcast of the discussion.

Rivian (NASDAQ: RIVN) has appointed Sreela Venkataratnam as its new Chief Accounting Officer, effective March 10. With over 25 years of finance and accounting experience, Venkataratnam joins from Tesla, where she served as Vice President of Finance and Business Operations from 2013 to 2024.

In her new role, she will oversee financial reporting, tax and trade, internal controls and compliance, finance transformation management and manufacturing controllership. Her previous experience includes key finance roles at Kleiner Perkins, Intuitive Surgical Inc., and Mercury Interactive Corp.

The appointment comes as Rivian achieved positive gross profit in the fourth quarter, with the company preparing for its upcoming R2 launch.