Rivian Automotive LLC
Rivian Loses Its Shine as Investors Fret About Production Delays
The company also did not tell investors that its chief operating officer, Rod Copes, a Harley-Davidson veteran, left the company last year. Public companies and those in the process of listing their shares generally disclose the departures of top executives. The news was first reported by The Wall Street Journal. Understand the Supply Chain Crisis […]
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Amazon Posts Record Revenue; Cost of Amazon Prime Is Rising
An improving economy and a persistent virus are beginning to weigh on Amazon’s retail business, even as its cloud computing business grew and an investment lifted profits. The company, whose profits, employee count and share price swelled two years ago as Covid forced people to stay home, said on Thursday that its operating income in […]
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Rivian’s Electric Truck Is a Cutie and a Beast
The redoubtable Rivian R1T, the first crusher in a coming wave of electric pickup trucks, can soar unscathed over gnarly boulders, hitch an 11,000-pound load and scorch 60 m.p.h. in about 3.5 seconds. The truck brings everything and the kitchen sink, with outdoorsy options such as a rooftop tent and a track-mounted Camp Kitchen, which […]
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He Helped Build Tesla. Now He Hopes to Do the Same at Lucid.
But mass producing automobiles is a challenge of a different magnitude. Initial versions of the Air cost almost $35,000 more than a top-of-the-line Tesla Model S Plaid. To be profitable, Lucid must appeal to more than just a superwealthy elite. “Lucid’s biggest risks are getting to scale and capacity,” said Daniel Ives, a senior analyst […]
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