Rivian Automotive, Inc. / De Stock Price, News & Analysis

Rivian has partnered with Clearloop to facilitate its first megawatt of renewable electricity in Tennessee, utilizing a solar project aimed at maximizing carbon reductions. This initiative includes financing for Rivian Waypoints chargers. The project highlights the uneven distribution of renewable energy in the U.S., with Tennessee relying heavily on fossil fuels. Rivian aims for carbon neutrality by 2028, with a commitment to match energy consumption with renewable purchases. The project also allows local utilities to offer green tariffs, attracting businesses seeking to meet renewable energy targets.

On April 13, Rivian's CFO, Claire McDonough, will join a fireside chat at the Bank of America Securities 2022 Global Automotive Summit at 2:05 PM ET. The event features a discussion with John Murphy, Managing Director of Bank of America Global Research. A live webcast is accessible here.

Rivian is focused on creating electric vehicles and services aimed at achieving carbon neutrality.

Rivian Automotive, Inc. (NASDAQ: RIVN) is set to release its first quarter 2022 financial results on May 11, 2022, after market close. An audio webcast will follow at 2:00 PM PT to discuss the results and provide a business update, accessible through a dedicated link. Rivian focuses on developing electric vehicles and related services aimed at transitioning to carbon-neutral energy. Their approach includes direct sales to consumers and businesses, alongside a suite of proprietary services that enhance customer engagement.

Rivian Automotive, Inc. (NASDAQ: RIVN) reported production totals for Q1 2022, manufacturing 2,553 vehicles and delivering 1,227. The figures align with the company's expectations and support its goal of achieving 25,000 annual vehicle production, as discussed during the fourth quarter earnings call on March 10, 2022. Rivian emphasizes its commitment to producing electric vehicles and advancing the transition to carbon-neutral energy.

Rivian Automotive has appointed Frank Klein as its new Chief Operations Officer, effective June 1, 2022. Klein, previously President at Magna Steyr, brings extensive experience from his 27 years at Daimler AG. He will oversee the scaling of vehicle production and enhance operational processes at Rivian, addressing the company's vertical integration efforts. Klein succeeds Rod Copes, who retired last year. His appointment aligns with Rivian's strategy to expand manufacturing, including a new facility in Georgia and increased production at its Normal, Illinois plant.

Rivian Automotive, Inc. (NASDAQ: RIVN) released its fourth quarter and full year 2021 financial results in a letter to shareholders, available on its investor relations website. The company will host an audio webcast today, March 10, at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and provide a business update. Rivian focuses on creating electric vehicles and accessories aimed at transitioning to carbon-neutral energy and transportation. The webcast can be accessed live or via replay for four weeks.

Rivian CEO RJ Scaringe addressed recent pricing updates, acknowledging that prior increases undermined customer trust. He explained that rising component costs necessitated changes, but the decision to apply these to existing preorders was a mistake. Customers who placed preorders before the March 1 price announcement will have their original prices honored, and those who canceled can reinstate their orders. Rivian aims to introduce lower starting prices with new vehicle configurations while adjusting premium options to reflect costs, emphasizing the importance of customer relationships.

On February 24, 2022, Rivian's founder, Chairman, and CEO RJ Scaringe will engage in a virtual fireside chat with auto analyst Rod Lache at the Wolfe Research Virtual Global Auto Conference. The event is scheduled for 3:00 PM ET and will be accessible via live webcast at this link. Rivian is dedicated to developing electric vehicles and services aimed at achieving carbon neutrality in energy and transportation, directly serving both consumer and commercial markets.