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FEATURE It costs a lot more to fuel up a gasoline-powered car than it did a year ago. But prices at the pump will have to get way more expensive before people consider buying an electric vehicle. Gas prices are about $4.
SpaceX could soon raise $50 billion to $75 billion in fresh capital.
Lucid Group Inc., during its first-quarter 2026 earnings call on Tuesday, said that its sub-$50,000 midsize EV could help the automaker increase volumes in the market. Sub-$50,000 EV Lucid’s interim CEO, Marc Winterhoff, shared that the automaker plans to “ramp...
Rivian is getting proactive about its future as it looks to chip away at the electric vehicle market that is dominated by Tesla. To catch its rival, Rivian understands that to compete with Tesla, it must be more than just a car company; it must also be a technology leader. Many of its recent ...
Uber Technologies (NYSE:UBER) has ordered 10,000 autonomous vehicles from Rivian, with plans for more as part of its robotaxi push. The company is expanding partnerships with autonomous vehicle players including Lucid and Nuro. Uber announced a $600 million acquisition of parking platform SpotHero to extend its reach into mobility infrastructure. Uber Technologies, trading at $79.17, is moving beyond its core ride hailing and delivery roots into a broader mobility platform. The stock is up...
SpaceX having more capital is an indirect benefit for Rivian.
Investor Ross Gerber of the investment firm Gerber Kawasaki has urged drivers to opt for EVs in view of the Iran war that has led to surging gas prices across the U.S. Gas Prices Won’t Come Down In a post on X on Tuesday, Gerber outlined the benefits of EVs over gasoline-powered vehicles. “Gas prices don't matter to the 10 mil people that own a tesla,” he said in the post. He added that there were several options for “great EVs” available from dealers, as well as in the used markets. “Go get one
Could Rivian be the next EV dark horse?
(Updates with response from Rivian in the sixth paragraph.) Rivian Automotive (RIVN) is developin
Rivian set the stage with Amazon, but Uber will bring it to another level.
CEO RJ Scaringe says Chinese firms dominate the affordable lidar market, and a U.S.-based joint venture could be one path forward
The US EV maker is targeting the start of R2 deliveries around June, with the launch viewed as an important step in expanding Rivian’s customer reach beyond the premium EV segment.
The company said it worked with the Department of Energy to update a loan of up to $4.5 billion to expand the facility and boost U.S. manufacturing jobs.
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