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Why China’s Carmakers Are Racing Into Humanoid Robots — Tesla’s Bet, Copied
Chinese automakers, facing declining car profit margins, are heavily investing in humanoid robots, mirroring Tesla's strategy. Xpeng's robotics arm recently secured significant funding, highlighting a broader trend across the sector with companies like BYD and Chery also developing humanoid robots. While hardware manufacturing is a strength for these companies, catching up to Tesla in AI development remains a key challenge.
Rivian (RIVN) Q2 2026 earnings results beat revenue on smaller than expected EPS loss
Rivian exceeded revenue expectations for its second quarter of 2026, reporting $1.66 billion against an expected $1.58 billion. The company also posted a smaller-than-anticipated earnings per share loss of $0.63, compared to the projected $0.82 loss. These results indicate a positive financial performance for the electric vehicle manufacturer.
Evening Reading - July 7, 2026
This edition of Evening Reading covers various gaming news, including IO Interactive regaining ownership of Project Fantasy and announcing layoffs, PlayStation facing complaints about its disc controversy, and updates on Marvel Rivals and Guilty Gear Strive. The article also highlights indie game Cosmodrill and discusses the broader gaming industry landscape.
Rivian (RIVN) stock drops on news of $1.5 billion secondary share offering
Electric vehicle maker Rivian announced a secondary share offering of 75 million shares to raise approximately $1.5 billion in capital. Following the news, Rivian's stock dropped over 14 percent as shareholders reacted to the potential dilution of earnings per share.
Rivian faces a class action lawsuit over self-driving in its early vehicles
Rivian is facing a class action lawsuit concerning the self-driving capabilities of its earlier vehicle models. The lawsuit alleges issues with the autonomous features present in these early vehicles.
Rivian's R2 electric SUV launches on June 9
Rivian is preparing for the launch of its R2 electric SUV, with invites being sent out for the first deliveries scheduled for June 9. The company is actively promoting the upcoming release of its new vehicle.
Rivian is rolling out its AI-powered voice assistant
Rivian is rolling out its new AI-powered voice assistant to all its Gen 1 and Gen 2 vehicles. The assistant will also be available on the upcoming Rivian R2 when it launches.
Rivian (RIVN) Q1 2026 earnings results beat revenue estimates on smaller than expected loss
Rivian reported its Q1 2026 earnings, surpassing Wall Street's revenue estimates and posting a smaller-than-expected loss. The company achieved these results despite market expectations.
Rivian begins production on the R2 electric SUV
Rivian has commenced production of its R2 electric SUV at its Normal, Illinois factory, with CEO RJ Scaringe driving the first vehicle off the line. While initial customer deliveries are slated for later this spring, starting with a more expensive Launch Package, the headline-grabbing $45,000 base model is not expected until late 2027. The company aims to position the R2 as a competitor to Tesla's Model Y.
DoorDash partners with Rivian spinoff Also for autonomous delivery vehicles
DoorDash and Rivian spinoff Also have announced a strategic partnership to develop and deploy autonomous delivery vehicles at scale. The collaboration will involve DoorDash investing in Also and potentially utilizing their four-wheeled TM-Q electric vehicle designed for cargo hauling. DoorDash co-founder Stanley Tang will join Also's board as an observer.
Rivian will provide 50,000 robotaxis to Uber in a deal worth $1.25 billion
Rivian and Uber have announced a significant partnership where Rivian will supply Uber with 50,000 robotaxis, valued at $1.25 billion. The deal begins with Uber acquiring 10,000 Rivian R2 robotaxis for deployment by 2028, with plans to expand to 25 major cities by 2031. This collaboration aims to accelerate autonomous vehicle plans for both companies.
Rivian's R2 EV arrives this spring with a $58,000 price tag
Rivian has announced full pricing and trim levels for its upcoming R2 electric SUV, with the first premium models starting at $57,990 and expected to arrive in Spring 2026. The base model, priced at $45,000, is not anticipated until late 2027. The R2 will feature standard NACS charging ports and Autonomy+ hardware, with subscription options for the enhanced driving technology.