Rivian Automotive, INC / De 8-K filings

Rivian announced its second quarter 2024 financial results, highlighted by a new partnership with Volkswagen and the launch of its second-generation R1 vehicles, while reaffirming its full-year guidance.

Rivian's Chief Commercial Officer, Dr. Kjell Gruner, has resigned effective July 26, 2024, with a transition period until February 17, 2025, and Dagan Mishoulam will assume the role of Senior Vice President, Commercial.

Rivian's Chief Accounting Officer, Jeffrey Baker, has resigned effective July 27, 2024, and the company's CFO, Claire McDonough, will serve as interim principal accounting officer.

Rivian announced its Q2 2024 production of 9,612 vehicles and deliveries of 13,790 vehicles, reaffirming its full-year production guidance of 57,000 vehicles.

Rivian Automotive reaffirmed its full-year 2024 guidance for vehicle production and adjusted EBITDA, along with updated capital expenditure guidance, during its Investor Day event on June 27, 2024.

Rivian has entered into a convertible promissory note agreement with Volkswagen International America Inc. for a $1 billion investment, linked to a broader $5 billion partnership.

Rivian Automotive held its annual stockholder meeting on June 18, 2024, where shareholders elected two Class III directors, ratified the appointment of KPMG as the independent auditor, and approved executive compensation on an advisory basis.

Rivian exceeded its Q1 2024 delivery outlook with 13,588 vehicles delivered and is taking steps to improve capital efficiency and achieve modest gross profit by Q4 2024.

Rivian Automotive will receive up to $827 million in tax credits, exemptions, and grants from the State of Illinois in exchange for a $1.5 billion investment and the creation of 559 new jobs, while retaining 6,000 existing jobs.

Rivian produced 13,980 vehicles and delivered 13,588 in the first quarter of 2024, reaffirming its full-year production guidance of 57,000 vehicles.

Rivian announced a new midsize vehicle platform, the R2 and R3 models, and a shift in production plans to its existing Normal, Illinois facility, aiming for a more capital-efficient launch.

Rivian corrected a clerical error in its delivery data, reporting a 147% increase in deliveries for the full year 2023 compared to 2022, and announced its 2024 production and financial outlook.

Rivian exceeded its 2023 production guidance, more than doubled its deliveries compared to 2022, and is targeting modest gross profit by the fourth quarter of 2024.