We don’t usually cover stock news, but this one felt worth talking about. Rivian’s stock took a hit Monday after back-to-back downgrades from Wall Street, with analysts pointing to growing risks that are starting to outweigh the upside. BofA Securities dropped its rating from Hold to Sell, slashing its price target from $13 to $10, while Cantor Fitzgerald also cut…
Rivian hasn’t shared an update on R2 reservation numbers since July 2024, when Rivian VP of Manufacturing Tim Fallon said they had “well over 100,000.” Since then, nothing. It’s not because demand is weak—it’s actually the opposite. But there are a few smart reasons why they’re keeping quiet. First, there’s the investor angle. Big reservation numbers sound great, but they…
Rivian shared big updates on the R2 in yesterday’s Q4 2024 webinar. The team is focused on cost control and production efficiency. They just finished sourcing materials and completed tooling trials for key body panels. This moves the R2 closer to production. The R2’s design is built for simplicity. Rivian is using large high-pressure die castings instead of many smaller parts. This reduces…
Rivian just issued a recall for some 2025 R1T and R1S models because of a headlight issue that could mess with visibility in cold weather. Basically, some headlights might not turn on at startup due to a supplier’s mistake, which means these vehicles don’t meet federal safety standards for lighting. So far, Rivian hasn’t reported any accidents or injuries from…
Rivian is finally bringing hands-free highway driving to its R1 lineup. During the Q4 2024 Shareholder Webinar, CEO RJ Scaringe confirmed that Rivian’s long-awaited hands-free advanced driver assistance system (ADAS) will roll out in the coming weeks for Gen 2 R1 vehicles. Rivian’s current Rivian Autonomy Platform has offered driver assistance features for some time, but it hasn’t included a true hands-free…
