Ford turns to F1 and bounties to build a $30,000 electric truck [TechCrunch]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: TechCrunch
A combination of 3D-printed Lego-like parts, Formula 1 thinking, and a bounty program will help the company hit that target, Ford said Tuesday. It will have to. Ford took a $19.5 billion hit in December and ended production of its battery-electric F-150 Lightning. It can't afford for this new EV business strategy to fall flat. Ford's bet on a line of affordable EVs began several years ago with a skunkworks team led by Alan Clarke, a 12-year Tesla veteran. Pieces of its plan were revealed last August, when Ford said it would ditch its traditional moving assembly line and invest $2 billion in its Louisville factory to adopt a new production system that promises to speed up manufacturing by 15%. The company said at the time that its line of EVs would be built on a universal platform with single-piece aluminum unicastings — large components cast as one piece to eliminate parts and allow for faster assembly — and lithium iron phosphate batteries with tech licensed from China's CATL.
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RIVN
News
- $2 million or billions? Newport-Mesa Unified's board sizes up competing visions for coastal land [Los Angeles Times (CA)]Los Angeles Times
- Rivian Automotive (RIVN) Is Up 11.6% After First Full Year of Positive Gross Profit [Yahoo! Finance]Yahoo! Finance
- DA Davidson downgrades Rivian on aggressive R2 expectations [Yahoo! Finance]Yahoo! Finance
- Rivian Automotive (NASDAQ:RIVN) had its price target raised by analysts at Stifel Nicolaus from $17.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- Rivian Passes First Key Test [Seeking Alpha]Seeking Alpha
RIVN
Earnings
- 2/12/26 - Miss
RIVN
Sec Filings
- 2/18/26 - Form 4
- 2/18/26 - Form 4
- 2/18/26 - Form 4
- RIVN's page on the SEC website