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Stock impact report

Here are 4 ways Rivian just stepped deeper into Tesla's turf [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Rivian is also unveiling a subscription model for its driver-assistance system akin to Tesla FSD. Rivian is all-in on autonomous driving , stepping deeper into a territory Tesla has long positioned itself to dominate. On Thursday, at Rivian's R&D office in Palo Alto, the EV maker unveiled a road map to develop autonomous-driving capabilities for its future lineup of vehicles, including new hardware for the highly anticipated R2 — Rivian's cheapest car to date. That road map includes a new silicon chip, designed in-house, that will power Rivian's next-generation hardware and support self-driving functions. The new hardware is expected to ship with R2 by the end of 2026, Rivian said. Rivian CEO RJ Scaringe has been hinting at autonomous ambitions in recent years. However, since the company's first shipment of vehicles in 2021, Rivian's advanced driver assistance system (ADAS) software — Driver+ and the Rivian Autonomy Platform — has been more akin to Tesla Autopilot than Full S Show less Read more
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