DOE Slashes Rivian Loan by $2B to $4.5 Billion – But Funds Come Earlier
Rivian gets up to a $4.5B US loan for its Georgia factory, $2B less than planned; funds arrive earlier in 2027, boosting output and starting R2 production.
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Rivian Starts Production of Affordable R2 SUV – Deliveries Begin This Spring
Priced from $45,000, the R2 aims to boost demand and drive Rivian toward profitability against Tesla’s Model Y.
Uber’s Massive Shift: $10 Billion Push into Self-Driving Cars
Uber is investing $10B in self-driving cars and robotaxis, shifting from not owning cars to owning fleets to stay competitive.
Rivian Delivers 10,365 Vehicles in Q1 2026 – Beats Analyst Forecasts
Rivian beat Q1 delivery forecasts, demand is stabilizing, and a cheaper R2 model plus an Uber deal could boost future growth.
Uber Bets $1.25 Billion on Rivian Robotaxis: 50,000 Self-Driving R2s by 2031
Uber commits up to $1.25B in Rivian to deploy 10,000+ autonomous R2 robotaxis starting 2028 in SF & Miami (first phase), expanding to 25 cities by 2031. Exclusive on Uber app.
Lucid Takes Aim at Tesla: Unveils Cybercab-Like Robotaxi Concept and $69–$199 Self-Driving Subscription
Lucid steps up competition against Tesla by unveiling a two-seater robotaxi concept called Lunar (no steering wheel!) and a flexible self-driving subscription. Meanwhile, Rivian reveals higher launch pricing for its R2 SUV.