Dossier
R1T
Coverage of R1T in the Nexus archive.
- Electric Vehicle Maker Rivian Offers to Sell 75 Million Shares
Rivian Automotive Inc. is offering to sell 75 million shares through a potential high-yield bond sale led by JPMorgan Chase & Co., partly to refinance upcoming debt. The company's R1S and R1T electric vehicles are showcased at a dealership and service center in South San Francisco.
- Rivian hit with class action over self-driving tech promises
Rivian faces a class action lawsuit over claims it falsely advertised Level 3 autonomous driving capabilities in its Gen 1 R1T and R1S vehicles. Plaintiffs allege the company marketed these features as standard or upgradable via software, despite lacking the necessary hardware, leading to higher purchase prices and reduced vehicle value.