Latest News Updates From Kara Carlson

The automaker delivered 486,532 vehicles worldwide in the third quarter. That compared with 463,761 expected on average in analyst estimates compiled by Bloomberg.

The company likely delivered around 463,761 vehicles worldwide in the last three months, according to analysts’ estimates compiled by Bloomberg, down about 7% from a year earlier.

The leadership change injects a measure of uncertainty at Rivian as the company works to accelerate deliveries of its new, lower-cost line of vehicles.

The R2 line, with an eventual target price of around $45,000, is aimed at pulling in more customers amid broad concerns about automotive affordability in the U.S. 

Rivian said it saw strong quarter-over-quarter growth for its commercial van and R1 electric vehicles as it began sales of the new R2 electric SUV.

A fatal collision involving a Tesla sedan is under federal investigation after an electric vehicle slammed into a home in Texas, killing a woman inside.

Rivian Automotive is cutting hundreds of jobs as part of a push to reduce costs while it rolls out a new line of electric vehicles.

Lucid posted lower-than-expected revenue after a supply chain challenge slowed February vehicle deliveries — another blow for the EV maker.

Rivian posted a narrower first-quarter loss ahead of the sales debut of its new R2 SUV that’s seen as critical to the electric-vehicle maker’s future.

Tesla reported Q1 earnings that beat Wall Street’s estimates, a sign profitability is holding up as the EV maker invests in robotics and driverless cars.