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Rivian Automotive said late April and into early May that it has renegotiated U.S. Department of Energy financing for its planned Georgia factory to a loan of up to $4.5 billion â about $2 billion less than prior approvals â but with earlier draw timing expected in early 2027.
The electric-vehicle maker also raised firstâphase capacity for the Social Circle, Georgia plant to 300,000 vehicles annually (up from a prior 200,000 target), and reaffirmed fullâyear 2026 delivery guidance of 62,000â67,000 units.
Rivian began initial R2 production and reported firstâquarter revenue of roughly $1.38 billion with an adjusted core loss near $472 million, beating some estimates but leaving investors focused on demand for the lowerâpriced R2 and ongoing cash burn.
The company noted partnerships and commitments that could underpin scale â including Volkswagenâs unlocked $1 billion tied to software milestones and plans with Uber to deploy R2 robotaxis â while flagging supplyâchain and commodity pressures.
Shares fell in the wake of the results and analysts delivered mixed reactions on price targets and ratings.






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