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The Latest Breaking News from Claire McDonough

Rivian's R2 Plant Expansion Is 'Substantially Complete'

The EV startup said launch preparations for the R2 remain on track.

InsideEVs

Rivian Slashed R1S, R1T Production Costs By A Massive Amount

Rivian turned a gross profit for the first time in the last quarter of 2024, which is a big deal for any car startup. In a QA with fans (and critics) of the company, Rivian Chief Financial Officer Claire McDonough explained the company is still losing money overall, but things…

InsideEVs

Rivian finally shows it can actually sell cars for more than the price it costs to build them

The EV manufacturer earned a $110 million gross profit at its core automotive business in the fourth quarter, a milestone achievement for CEO RJ Scaringe.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Rivian Says Policy Shifts Will Cost 'Hundreds Of Millions' This Year

There are many reasons to be cautiously optimistic about Rivian's future. The startup said on Thursday that it turned its first quarterly profit at the end of last year. It has streamlined production and its plans to launch the affordable R2 are moving at full speed. And let’s be honest, Rivian…

InsideEVs

CFOs have an essential role in innovation

Innovation requires resources. Chief financial officers have a large say in how the money is spent.

Fortune

It Was Never Apple. Rivian Goes With Volkswagen Partnership To Ease Cash Burn But Will It Work?

Rivian stock surged early Wednesday after it announced a joint venture with Volkswagen, which includes plans for a $5 billion cash infusion.

Investors Business Daily

Rivian Loses $38,000 Per Vehicle Delivered In Q1. No Comment On Apple Partnership Rumors.

Rivian stock angled higher Wednesday after Q1 earnings amid speculation Apple is exploring a partnership with the EV startup.

Investors Business Daily

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Rivian Deliveries Grow 70% As The EV Startup Reaffirms 2024 Production Target

Rivian reported Q1 vehicle deliveries and production numbers early Tuesday.

Investors Business Daily

Rivian Receives Price Hike After New EV Reveals. But Can The Startup 'Go-It-Alone'?

Rivian surged nearly 13% last week on positive sentiment around the EV startup's R2 and R3 vehicle reveal. But cash remains a concern.

Investors Business Daily

Rivian Stock Handed Buy Rating As Startup Launches Three New Vehicles With EV Demand In Question

Rivian revealed its R2 platform Thursday.

Investors Business Daily

Auto Industry Begs U.S. To Block 'Cheap' Chinese EV Imports From Mexico

Can America fend off rising Chinese automakers like BYD before it's too late?

InsideEVs

Rivian To Introduce Cheaper, Lighter Battery Pack In 2024: CFO

Claire McDonough said the new battery "takes thousands of dollars of costs out, additional mass out" and will be much easier to build.

InsideEVs

First Rivian R2 Model To Be Revealed In 2024, Priced From $40,000

Rivian’s first R2-based model will be a mid-size SUV crossover which could have a starting price of around $40,000 and a maximum retail price of $60,000, slotting right under the flagship R1S.

InsideEVs

Rivian’s R2 Compact Electric SUV Will Be Smaller and More Affordable

Rivian’s CFO teased that its next EV, the R2, will be a smaller SUV falling between $40,000 and $60,000 price range.

Inverse

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InsideEVs

Rivian Prioritizing R1S Production Over R1T: More Demand For SUV

Rivian is ramping up R1S production with demand for the electric SUV continuing to rise.

Tribune News Service

Top Rivian official says production ramp-up will spur profits by 2024

Rivian expects to drastically increase production of its flagship electric pickup truck next year, which a top executive said positions the startup to become profitable by the end of 2024.

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