Core Insights - Rivian's CEO, R.J. Scaringe, expressed strong confidence in the company's future despite challenges in the electric vehicle (EV) market [2] - The expiration of the $7,500 federal EV credit and the current administration's stance on EVs are noted as headwinds for the industry [2] - Rivian is actively expanding its manufacturing capabilities, including a new factory in Georgia set to produce EV trucks by 2028 [3] Company Developments - Rivian has expanded its vehicle manufacturing plant in Normal, Illinois, and is developing the R2 truck, expected to be priced around $45,000 [3] - The company has a joint venture with Volkswagen AG to develop automotive software, indicating a strategic partnership to enhance its technological capabilities [3] Industry Context - The Trump administration's tariffs have impacted the auto industry significantly, affecting corporate planning and cost structures [4][5] - Scaringe noted that the current administration's pro-business stance aligns with Rivian's goals, although tariffs still pose challenges for long-term capital allocation decisions [5]

RT Sawyer Merritt (@SawyerMerritt)NEWS: Tesla has just made a HUGE update to its U.S. website. Tesla now says you only need to "order by September 30" to take advantage of Federal EV credit.This means the vehicle doesn’t have to be delivered by September 30 — as long as you place the order by that date, you can take delivery weeks or even months later and still take advantage of the credit!So while the Federal EV credit still ends on Sept 30, this new flexibility in eligibility and being able to take delive ...