Rivian’s revenue is up as R2 production kicks into gear

Rivian R2 production

Rivian reported its first quarter earnings of 2026, providing us a closer look at the company’s financial health as it kicks off production for the crucial R2 electric vehicle.

We’ve already got Rivian’s production and delivery statement from the first three months of the year. The company sold 10,365 vehicles in Q1, representing 20 percent increase year over year. And it produced 10,236 vehicles at its factory in Normal, Illinois, which represents a 30 percent increase compared to the same period last year. The company also reaffirmed its prediction that it will sell 62,000-67,000 vehicles this year.

In terms of earnings, Rivian said it …

Read the full story at The Verge.

Read more @ TheVerge

Latest posts

As AI gets better, it reveals an empty promise

This week we've got tandem hands-ons with Google's new Gemini AI agent - Spark - from my colleagues David Pierce and Jay Peters. Their...

The best Qi2 batteries for iPhone and Pixel

Compact power banks have gotten a lot faster in the past year — and it’s not just their USB-C charging speeds that have received...

Nvidia is already planning N2X and N3X chips — the goal is the Star Trek computer

Jensen Huang, chief executive officer of Nvidia Corp. | Bloomberg via Getty Images Just in case you were wondering, Nvidia's RTX Spark isn't supposed to...

‘Galaxy Z Fold 8 Ultra’ confirmed, likely leaving Samsung’s most interesting foldable with a boring name

Samsung is planning two Galaxy Z Fold 8 models for launch this year, and one is confirmed to have “Ultra” in the name. Read more...

Google says it will replenish more water than it uses at data centers amid public pushback

There’s been a lot of pushback in recent months around the impact of AI data centers on local communities, with the use of water...

New Google Labs ‘Dreambeans’ app is like a hyper-personalized Google Now

Google Labs today announced an experimental Dreambeans app on Android and iOS to “proactively dream up personalized daily stories that cut through the clutter...

Amazon now generates images of fake products in one of the dumbest uses of AI yet [Video]

AI can be useful in a lot of places, but there are many scenarios where it doesn’t make sense. Amazon, having been stuffing its...

Android Canary 2606 greatly expands Dynamic Color theming on Pixel 

Google today rolled out Android Canary 2606, with this preview build introducing expanded Dynamic Color theming options on Pixel devices. Read more @ 9to5google

Mid-week Android app deals and freebies: FrogBoy, Deus Ex GO, Asdivine Menace, Rotaeno, more

Your mid-week collection of the best Android game and app deals is now ready to roll, including titles like FrogBoy, Cultist Simulator, Front Armies...

Movies Anywhere adding Lionsgate films including John Wick, Knives Out, etc

Movies Anywhere is getting a boost with the addition of Lionsgate titles including some popular franchises such as John Wick, The Hunger Games, Knives...