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EV, Trump
Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the stocks.
Tesla, Rivian Drop on Report Trump Wants to End EV Credit
Shares of US automakers fell after Reuters reported President-elect Donald Trump plans to eliminate the $7,500 consumer tax credit for electric-vehicle purchases.
Why Musk supports Trump getting rid of EV tax credits
Elon Musk has said ending tax credits of up to $7,500 for electric vehicle purchases would "devastate" Tesla's competitors.
Volkswagen boosts bet on Rivian's EV tech
Rivian Automotive and Volkswagen finalize their major EV partnership
Rivian Automotive and Volkswagen Group's joint venture will bring next-gen electric architecture and software technology to future EV models by 2026.
Volkswagen boosts bet on Rivian’s EV tech by $800 million
Volkswagen AG raised investment plans in Rivian Automotive Inc. by $800 million, signaling its commitment to the U.S. partner even as electric-vehicle demand softens and the incoming Trump administration threatens to curtail supportive policies.
Volkswagen, Rivian launch their $5.8B joint venture
The announcement lifts the veil on one of the largest automotive deals this year, providing more details on its goals, leadership and financial structure.
19h
Why Rivian Stock Dropped Thursday
Rivian Automotive ( RIVN -5.54%) stock is hitting the brakes today after it spiked nearly 14% yesterday. That jump came after ...
autoevolution
21h
Rivian Achieved in Three Months What Volkswagen Couldn't Do in Years of Spending Billions
Rivian
and Volkswagen announced their joint venture, but the bigger
news
is how the
EV
startup convinced the legacy ...
Electrek
2d
Rivian (RIVN) and Volkswagen officially launch their new EV business partnership
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
2d
EV Makers Rivian & Lucid Lost 2 Billion In The 3rd Quarter
Losses of 2 Billion dollars combined is a tough pill to swallow, but it took Tesla 14-years to turn a profit. Rivian lost a ...
autoevolution
7d
Rivian R2 Will Be the First EV To Use LG's New Battery Cells With a Six-Time Capacity Bump
Rivian announced a partnership with LGES to supply the 4695 cells for the R2 battery pack, with a six-time capacity ...
The Business Journals
2d
Rivian-Volkswagen partnership to produce EV tech for R2 model
Rivian
is teaming up with Volkswagen in a $5.8 billion joint venture for
EV
innovation on its R2 model, which the company ...
18h
Rivian-Volkswagen Deal Strengthens Finances, Yet EV Market Risks Remain: Goldman Sachs
Goldman Sachs analyst maintains Neutral rating for Rivian with raised price target. Rivian and Volkswagen confirm joint ...
7d
EV maker Rivian falls short of revenue projections for third quarter
The Irvine maker of electric pickup trucks and sport utility vehicles reported lower-than-expected revenue in the third ...
7d
Rivian R2 EV’s new LG battery boosts storage capacity sixfold
The R2 promises acceleration of 0 to 60 mph in under 3 seconds and an estimated range of over 300 miles. It’s packed with ...
1d
on MSN
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW increased its planned investment for a joint venture with EV startup Rivian to $5.8 billion as the companies have broader ...
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