Latest News Updates From Ed Ludlow

BusinessTechnologyEquipment

Rivian’s Forecast Falls Short

Rivian Automotive disappointed investors by maintaining its full-year guidance even as production and deliveries in the third quarter exceeded Wall Street expectations.

October 2, 2023
BusinessTechnologyLogistics

Rivian Will Build 52,000 EVs This Year, More Than Planned

Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market.

August 8, 2023
BusinessTechnology

Rivian Ships First Amazon Electric Delivery Vans to Europe

Rivian Automotive Inc. started delivering the electric vans it makes for Amazon to Europe in the EV maker’s first commercial shipments outside the U.S.

July 5, 2023
BusinessTechnology

Rivian Adopts Tesla’s EV Charging Standard

Rivian Automotive Inc. will incorporate Tesla Inc.’s electric vehicle charging ports into future automobiles and gain access to its supercharger network.

June 20, 2023
BusinessTechnologyFuel

Nikola Needs New Leadership, Says Trevor Milton

Nikola Corp. founder Trevor Milton called for leadership change at the electric truck maker and urged shareholders to vote against upcoming company-backed proposals.

June 15, 2023
BusinessTechnologyEquipment

Rivian Reports Better-Than-Expected Loss, Affirms EV Plans

Rivian Automotive Inc. reported a narrower-than-expected loss to start the year and reaffirmed its annual production plans as efforts to cut costs buoyed the electric vehicle maker.

May 10, 2023
BusinessTechnologyEquipment

Rivian Beats Analysts’ Q1 EV Production Estimates

Rivian Automotive Inc. built 9,395 battery-electric vehicles in the first three months of the year as the company aims to ramp up production.

April 3, 2023
BusinessTechnologyEquipment

Rivian Tells Staff EV Output May Be 24% More Than Forecast

Rivian Automotive Inc. has told employees that production of 62,000 electric vehicles is possible this year, according to people familiar with the matter, an increase from the production target it told investors on Feb. 28.

March 6, 2023
BusinessTechnologyAutonomous

Amazon’s Self-Driving Car Shuttles People on Public Roads for First Time

Zoox Inc., the self-driving startup owned by Amazon.com Inc., carried passengers in its fully autonomous vehicle on public roads for the first time.

February 13, 2023
BusinessTechnologyEquipment

Nikola Posts Earnings Beat, Skips Electric Truck Update

Nikola Corp. posted quarterly sales above expectations as production of its battery-electric trucks ramped up, but didn’t provide updated guidance on its previous goal of delivering at least 300 trucks this year.

November 3, 2022