Rivian held its first-quarter earnings call on Tuesday, during which the company highlighted a number of milestones—including how many cumulative miles its R1T, R1S and electric delivery van (EDV) vehicles have driven. On the first-quarter earnings call, Rivian CEO RJ Scaringe noted that the company’s electric vehicles (EVs) have been driven over 900 million cumulative […]
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Rivian has released its first-quarter financial results for the year, as the company continues to work toward making its electric vehicles (EVs) profitable. In Q1, Rivian had $1.2 billion in revenue, landing above analyst expectations, along with a net loss of about $1.45 billion, and an EBITDA-adjusted loss of $798 million, as detailed in the […]
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Lucid Motors reported its Q1 earnings this week, showing some improvement from the same period last year despite still having over half a billion in net losses. In its earnings report, Lucid reported a net loss of $684.7 million, down from $779.5 million in the same period last year. The luxury segment electric vehicle (EV) […]
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General Motors (GM) has detailed its first-quarter financial results for the year, citing its gas vehicles and continued growth of electric vehicle (EV) business and software-based platform development. GM reported its Q1 2024 results on Tuesday, raising its overall guidance on full-year vehicle deliveries, and reporting a revenue increase of 8 percent year-over-year to $43 […]
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Luxury electric vehicle (EV) maker Lucid Motors has announced its first-quarter production and delivery numbers, earning its best quarter for deliveries yet. Lucid delivered 1,967 vehicles in Q1, producing as many as 1,728 units, according to a press release shared by the automaker on Tuesday. While the production figure is down from 2,314 in the […]
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