Rivian Automotive Inc. is likely to face trial over allegations that it encouraged former Tesla Inc. employees to steal trade secrets. This decision comes as …

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Rivian’s stocks plunged 6% during the after-hours trade after the announcement prompting analysts to take a closer look at the subdued outlook.

This strategic move comes amidst a broader slowdown in the demand for electric vehicles.

Rivian’s quarterly production figure rose around 50% y-o-y but was quite below the 17,541 vehicles it produced in its preceding three months.

Rivian expands its lineup with a new midsize platform, which underpins its new range of cars like the R2, R3 and R3X. While the R2 …

Following the announcements, shares of Rivian and Lucid experienced notable declines, reflecting concerns about the EV market’s growth trajectory.

Rivian is working with its financial partner Chase for the leasing program, which it plans to expand over time.

Rivian’s revenue for the third quarter stood at USD 1.34 billion, while its quarterly loss narrowed compared to the previous year.

Back in July, Amazon had reported that it had more than 5,000 Rivian electric delivery vehicles in operation.