News about RIVN

The article argues that Rivian's most valuable bet may be robotics rather than its vehicles. CEO RJ Scaringe founded AI robotics company Mind Robotics in 2025; Rivian owns about a third of Mind, which is also Rivian's primary manufacturing partner. Mind has hired Doug Field, former head of Tesla's Model 3 program and Ford's EV operations, as president, and reportedly raised $1 billion in the past year. Rivian's stake is reportedly worth a little more than $1 billion, while the company launched its more affordable R2 and delivered a record 19,248 vehicles in its third fiscal quarter. Shares are still down 34% this year, and the author notes Rivian still needs its EV lineup to become profitable.