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Rivian $RIVN stock closed the week at 52 WEEK LOWS 🔴
Rivian has announced that it will be opening its Autonomy Early Access Program today, an invite-only program that gives a limited group of Gen 2 R1 and R2 owners on Autonomy+ pre-release driver assistance features, starting with Point to Point in December for owners in California and Florida. You’re expected to use the features weekly, log issues in the vehicle, fill out a monthly survey and share location and camera data under an NDA, and you won’t get paid for it. Rivian rechecks eligibility every 30 days and can remove anyone at any time.
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RIVIAN $RIVN IS EXPANDING ITS PARTNERSHIP WITH REDWOOD MATERIALS Redwood will handle Rivian's old batteries and factory scrap, per Redwood.
Rivian is celebrating Halloween by adding a Ghostbusters theme to their vehicles
Rivian dropped its new Halloween Mode on Thursday and we got a close look at its very own Ghostbusters R1. And, yes. That is the original ghostbuster Bill Murray in attendance. What do you think of this fun Halloween Easter egg? #rivian# #ghostbusters# #carsofx# #roadandtrack#
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Rivian R2 recalled for improperly torqued battery fastener.
RIVIAN JUST RECEIVED A $1 BILLION LOAN FROM VOLKSWAGEN The 10-year loan funded October 7 at a fixed 6.03% yeild It's non-recourse meaning Rivian doesn't guarantee it, and if it defaults, the lender can only go after the collateral: Rivian's 50% stake in the joint venture. Rivian plans to use the cash for general corporate purposes. Principal repayment starts in year 3 at $100 million a year, with the rest due October 2036.
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RIVIAN SAYS THE FACILITY CARRIES A 6.03% FIXED INTEREST RATE AND IS SECURED BY A 50% EQUITY INTEREST IN A JOINT VENTURE - SEC FILING
RIVIAN HAS ANNOUNCED A $1 BLN, 10-YEAR TERM LOAN FACILITY FROM VOLKSWAGEN GROUP ON OCT. 7, 2026, WITH THE TERM LOANS FUNDED IN THE FULL COMMITTED AMOUNT OF $1 BLN AND MATURING ON OCT. 7, 2036.
Rivian $RIVN received a $1B, 10-year loan from Volkswagen Group at a fixed 6.03% interest rate, secured by its 50% stake in their joint venture. The loan was fully funded Oct. 7 and matures Oct. 7, 2036.
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