Business
Rivian turns to AI, autonomy to woo investors as EV sales stall
Rivian CEO RJ Scaringe tours the inside of electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.
Joel Angel Juarez | Reuters
DETROIT — Rivian Automotive will let artificial intelligence take the wheel to try to convince investors that its future can be more lucrative than its past.
The all-electric vehicle maker is set to host its first “Autonomy and AI Day” on Thursday as its core business of producing and selling EVs hasn’t been as fruitful as expected since its initial public offering in 2021.
Shares of the automaker are off more than 80% since then as internal and external challenges have caused sales and production to be slower than planned. The company also continues to lose billions of dollars annually, despite significant cost reductions and gains in software revenue thanks to a multiyear $5.8 billion joint venture deal with German automaker Volkswagen.
CEO RJ Scaringe has always sold the company as a technology play in varying forms – from initially touting its cloud-based tech and “vertically integrated ecosystem” to more recently highlighting new “zonal” software architecture and AI aspirations.
But the pressure is on for Rivian to deliver. It has tactically brought its software and automation efforts in house to unlock future growth potential for investors and to try to expand its customer base amid slowing sales of EVs and regulatory changes.
“Over the longer term, we believe what will differentiate Rivian’s autonomous capabilities will be our end-to-end AI-centric approach,” Scaringe said last month during the automaker’s most recent quarterly investor call.
Rivian vs. Tesla stock
Rivian is following the strategy of other “pure EV” automakers in the U.S., specifically Tesla.
The U.S. EV leader has promised owners for more than a decade that its cars would be able to get upgraded to autonomous vehicles that can work for them while they sleep or make a cross-country trip with no human intervention. The company launched a pilot robotaxi service in Austin, Texas, this year, with human safety drivers on board, and intends to expand that to new U.S. markets next year.
Fellow EV carmaker Lucid also recently struck a partnership with AV startup Nuro to bring driverless features to its EVs.
But Wall Street isn’t completely buying into the hype.
Morgan Stanley this week downgraded Rivian to underweight, citing the EV deceleration and Rivian not having the “scale or balance sheet to support the capital intensity” of reinvesting in the current “industry hype cycle” around AVs and AI. It also downgraded Lucid and Tesla for one or both of those reasons.
“We are taking a more cautious view on the Auto Industry heading into 2026 after a surprisingly resilient 2025,” Morgan Stanley analyst Andrew Percoco wrote in a Sunday investor note.
Scaringe has said the AI Day will include in-depth looks at the computing power of Rivian’s new vehicles, such as its upcoming “R2” SUV; its autonomous vehicle platform; and data flywheel in which data inputs are used to continuously improve products.
Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, on March 7, 2024.
Mike Blake | Reuters
The hope is to increase confidence in Rivian’s future vehicles and technologies, which Wall Street analysts believe could be licensed to other companies.
Rivian is currently viewed as lagging Tesla and even legacy automakers such as General Motors, Ford Motor and German luxury brands when it comes to its advanced driver assistance systems, or ADAS. Its features only recently allowed some drivers to have their hands off the wheel while highway driving under certain circumstances, a milestone other automakers have already reached.
Rivian’s AI Day comes more than four years after Tesla became the first automaker to host such an event. While Rivian is regularly compared with Tesla, its AI Day is expected to focus more on vehicles and supporting software initiatives rather than noncore businesses such as humanoid robots like Tesla has done.
Wall Street expectations
Wall Street analysts generally expect Rivian on Thursday to provide more details on the future capabilities of its vehicles.
“Management will likely provide updated timelines on its next generation features and perhaps better dimension the cost/resources required to achieve its ambitions,” Deutsche Bank analyst Edison Yu said in an investor note. “High level, the company has alluded to a vertically integrated, AI-centric autonomy platform that digests raw, multi-modal sensor data to train large models.”
Advanced driver assistance systems and autonomous vehicles have once again become a focus for investors and auto companies as AI technologies have grown over the past year.

The automotive industry has been working toward true AVs for a while, though it has seen little success other than from Google-backed Waymo and, increasingly, Tesla’s ADAS features. But insiders and experts think AI can finally unlock the true potential of the technology.
“We believe RIVN will attempt to show why they should be seen as a serious players in the US AV space, which currently is largely seen as a two player game between Tesla and Waymo,” Barclays analyst Dan Levy said in a Friday investor note.
Wall Street analysts expect Rivian will focus on its in-house software enabling more advanced ADAS features, including the ability for its vehicles to eventually be able to drive themselves in certain circumstances.
Scaringe has said the company expects to broaden the use cases of its hands-free systems to “just about any road” in the short term, followed by eyes-off driving in the years ahead. He has recently voiced support for lidar, or light detection and ranging, systems that allow vehicles to better detect or “see” their surroundings.
“We applaud Rivian for its autonomy pivot especially given our view that level 3 autonomy will be a critical step for all OEMs [original equipment manufacturers]. Its goal of in-sourcing could make autonomy a profit center, which is important especially given the company’s liquidity situation,” RBC analyst Tom Narayan said in a note last week.
Rivian’s current vehicles feature a suite of radar, cameras and other sensors but not lidar.
SAE International, formerly known as the Society of Automotive Engineers, has characterized automated driving for vehicles from level 0 to level 5. The highest level 5, is a fully autonomous vehicle, with each stage from level 0 adding more technologies and allowing human drivers to be more “out of the loop.”

Vehicles on U.S. roadways today have varying levels of autonomy but nearly all are categorized as level 2 — allowing drivers to have their hands off the wheel in certain circumstances — or below, including those with cruise control and “adaptive cruise control.”
More recently, many companies have focused on growing their ADAS systems past level 2, where vehicles can largely drive themselves under certain conditions.
Industry experts have also raised questions about demand for AV technologies. General Motors was the first to offer hands-free driving technologies in 2017, but the rollout was slow and adoption was low following the end of free trials.
Even at Tesla, which is viewed as a software and technology leader in the U.S. with “tech-savvy” buyers, only about 12% of customers paid for its top-end “FSD” system that can control the vehicle under many circumstances, the company recently said.
Stock price
Despite Rivian’s sales being down 14% through the third quarter and the company’s downward guidance revisions, shares of Rivian are up more than 30% this year amid gains in operational profit and investor optimism.
The bullishness is led by the company’s new rollout of technologies and upcoming launch of its new R2 vehicle during the first half of next year.
But given that those are both forward-looking catalysts, Wall Street analysts expect much of the upside potential to already be priced into the company’s stock price.
“We believe investors are less likely to be bullish on the case of RIVN catching up to Waymo/Tesla in AV, and we expect that test drives / an impressive tech stack is less likely to move the stock (with this arguably already embedded in the stock),” Levy said.
Shares of Rivian closed Tuesday at $17.71, up 0.1% ahead of the AI event. The stock is up 33% this year but is a far cry from the company’s IPO of $78 per share.
— CNBC’s Lora Kolodny and Michael Bloom contributed to this report.
Business
Mexico Slaps 50% Tariffs On India: Which Sectors Will Be Hit, How $1 Billion Exports Hangs By A Thread
New Delhi: Mexico has joined the growing list of countries imposing heavy tariffs on Asian imports. Just four months after the United States imposed 50% duties on Indian products, Mexico too approved levies of up to 50% on select goods from several nations, including India, China, South Korea, Thailand and Indonesia. These tariffs are set to come into effect from January 1, 2026.
According to the Mexican daily El Universal, the affected products include auto parts, light cars, clothing, plastics, steel, household appliances, toys, textiles, furniture, footwear, leather goods, paper, cardboard, motorcycles, aluminum, trailers, glass, soaps, perfumes and cosmetics.
The move is primarily aimed at protecting domestic producers and reducing the country’s dependency on imports from Asia.
Why Mexico Is Taking This Step
The Mexican government’s strategy is to bolster domestic production while reducing reliance on imports, particularly from China, which holds a substantial trade imbalance with Mexico.
China, in response, issued a statement on Thursday (December 11), stating that it “always opposes unilateral tariff hikes in all forms” and urged Mexico to “correct its wrong practices of unilateralism and protectionism at an early date”.
The tariffs are expected to generate an additional revenue of roughly US $3.8 billion (around Rs 33,910 crore) for Mexico.
President Claudia Sheinbaum has also emphasised that supporting domestic industries is a way to create jobs. “We believe that supporting (Mexican) industry is to create jobs,” said Deputy Ricardo Monreal, Morena’s leader in the Chamber of Deputies, according to mexiconewsdaily.com.
Economic analysts, however, suggest there may be a geopolitical dimension as well. El Financier, a Mexican economic outlet, states that the tariffs could be part of Mexico’s efforts to align with the United States ahead of the upcoming US-Mexico-Canada trade review.
Impact On India’s Exports
India is likely to feel the impact immediately, particularly in the automobile sector. The new duties will affect around $1 billion worth of Indian exports to Mexico, including vehicles from major manufacturers like Volkswagen, Hyundai, Nissan, and Maruti Suzuki, Reuters reported.
The import duty on cars will rise from 20% to 50%, a major blow to exporters in one of India’s important overseas markets.
“The proposed tariff hike is expected to have a direct impact on Indian automobile exports to Mexico…we seek Government of India’s support to kindly engage with the Mexican government,” the industry body wrote to the Ministry of Commerce before the tariffs were finalised.
Mexico ranks as India’s third-largest car export market after South Africa and Saudi Arabia. With the new levies, exporters may have to rethink pricing strategies and supply chains to maintain competitiveness.
As Mexico takes steps to protect its domestic industries, exporters from India and other affected Asian nations will have to navigate a challenging trade landscape, while policymakers look for diplomatic solutions to preserve market access.
Business
Delhi & NCR Residents, Take Note: You May Soon Board Your Train From These Two New Stations
New Railway Stations in Delhi: People living in Delhi and the National Capital Region (NCR) may soon have a new routine when it comes to catching long-distance trains. The Railway Ministry has indicated that two important stations in the city, Safdarjung and Bijwasan, are being redeveloped, and passengers might be asked to board trains from here in the near future instead of the crowded New Delhi station.
For many, these stations could turn out to be closer to home, saving both time and the stress of travelling across the city.
At present, most NCR residents have to make their way to New Delhi Railway Station, no matter where they live. That may no longer be the case. Both Safdarjung and Bijwasan stations are in the final stages of redevelopment, and officials say they are expected to be ready by March 2025.
Once they operational, a number of trains may be reallocated from the main station.
These upgrades are part of the Amrit Bharat Station Scheme, under which 13 stations in the Delhi Division are being modernised. Safdarjung and Bijwasan are among the most important of them, and the work on both is almost complete. As soon as the finishing rounds are done, they will be opened to the public.
What Makes These Two Stations Important
Bijwasan is set to become Delhi’s fifth-largest railway station, after New Delhi, Old Delhi, Hazrat Nizamuddin and Anand Vihar. Once opened, it will have seven platforms and is expected to ease a heavy load from New Delhi station.
One of its biggest strengths will be its connectivity. Plans include a skywalk that links the station directly to metro lines and parking zones, allowing passengers to reach the platforms without dealing with traffic on the roads outside. Officials believe this will make travel easier for a large number of daily commuters.
Safdarjung Railway Station, on the other hand, is being designed as a mixed-use space. It will include about 2,200 office units, turning the station into a commercial hub. People working there will be able to walk straight from their office building to the platforms.
Railway officials say this will be the first station in the country designed to function simultaneously as a business centre and a point of train boarding.
Why Trains May Move From New Delhi Station
Redevelopment work at New Delhi station has already begun. At the moment, the activity is concentrated on the outer areas of the complex. But once work moves closer to the tracks, train operations will have to be temporarily relocated.
During that period, a good number of trains are likely to be moved to Safdarjung and Bijwasan. According to the ministry, Bijwasan could handle trains heading towards Haryana, Rajasthan, Gujarat and other parts of western India. Safdarjung is being considered for trains going towards Howrah, Jammu and Lucknow.
How It Will Help NCR Residents
Large numbers of people from Delhi and NCR presently board trains from New Delhi station for long-distance travel. Many of them actually live closer to Safdarjung or Bijwasan but still have to travel all the way to the city centre.
Once the shift begins, these passengers will be able to board trains from a station near their home. This will save them an extra trip across Delhi and reduce the rush at the New Delhi station as well.
Business
Rivian stock slides 9% after unveiling new AI tech and robotaxi ambitions
Rivian debuted new tech at its first “Autonomy and AI Day” in Palo Alto, California, Dec. 11, 2025.
Credit: Rivian
PALO ALTO, Calif. – Electric vehicle maker Rivian Automotive has developed a custom chip, car computer and new artificial intelligence models that will enable it to bring self-driving features to its forthcoming vehicles, the company revealed at its first “Autonomy and AI Day” on Thursday here.
Shares of Rivian were off roughly 3% during the hourlong event, and fell further as OpenAI made its own AI announcement Thursday, revealing its most advanced model yet. The stock was down more than 9% in afternoon trading.
Rivian also said it plans to roll out an Autonomy+ subscription with “continuously expanding capabilities” to customers of its second-generation vehicles in early 2026, to be powered by its Rivian Autonomy Processors and autonomy computers.
The Autonomy+ offering will be priced at $2,500 as a one-time, up-front purchase or is available for $49.99 per month to start. By comparison, competitor Tesla offers its premium FSD (Supervised) option for $8,000 up front or a $99 per month fee.
“AI is enabling us to create technology and customer experiences at a rate that is completely different from what we’ve seen in the past,” Rivian founder and CEO RJ Scaringe said during the event.
Company executives said in a statement that a near-future software update will include a “Universal Hands-Free,” capability, enabling Rivian customers “hands-free driving” on more than 3.5 million miles of roads in North America, covering the vast majority of marked roads in the U.S.
Scaringe said the new advanced driver-assistance system will continue to improve as more miles are driven, through reinforced learning.
Unlike its primary competitor, Tesla, Rivian said it intends to use lidar, or light detection and ranging, systems and radar sensors in its forthcoming R2 cars to enable “level 4,” or fully automated driving, as defined by SAE Levels of Driving Automation.
A passenger can sleep in the back seat in a level 4 self-driving car while it carries them to their destination in normal traffic and weather conditions. Waymo, the Alphabet-owned robotaxi leader in the U.S., considers its vehicles level 4.
Rivian CEO RJ Scaringe at the company’s first “Autonomy and AI Day” on Dec. 11, 2025, in Palo Alto, California.
Lora Kolodny | CNBC
Scaringe said Thursday the company’s forthcoming self-driving vehicles enable it to pursue robotaxis, which Tesla has promised for years but has yet to launch.
“Now, while our initial focus will be on personally owned vehicles, which today represent a vast majority of the miles to the United States, this also enables us to pursue opportunities in the rideshare space,” Scaringe said during the event.
Rivian is not alone in aiming to deliver autonomous systems that meet level 4 expectations, while rolling out partially automated features along the way to drivers who generally want these to reduce fatigue on long drives or make them safer behind the wheel overall.
Tesla and General Motors are working on their own proprietary driverless systems, while Honda, Lucid and Nissan have partnered with venture-backed autonomous vehicle tech startups (Helm.AI, Nuro and Wayve, respectively) to develop similar systems with a range of different technical approaches.
Rivian and Tesla stock’s since Rivian went public.
Powering Rivian’s self-driving aspirations will be a new in-house chip, which is set to launch in 2026. Vidya Rajagopalan, Rivian vice president of electrical hardware, said the chip uses “multi-chip module” packaging and has “high memory bandwidth,” which is “key for AI applications.” Rivian’s chip boasts bandwidth of 205 gigabytes per second.
“Rivian is uniquely positioned to move from a software-defined vehicle and bring to the world an AI-defined vehicle,” Rivian Chief Software Officer Wassym Bensaid said.
The automaker also announced a new AI-powered “Rivian Assistant,” a next-generation voice interface launching in early 2026 on its first- and second-generation vehicles.
Rivian is under pressure to prove its future growth potential to investors and to grow its customer base amid slowing sales of battery electric vehicles in the U.S. and competition from Chinese EV makers internationally.
The fully electric vehicle segment has experienced a sales slump domestically after the Trump administration put an early end in September to a $7,500 federal tax credit previously available for EV buyers in the U.S.
Shares of Rivian are up about 25% this year, but remain off more than 80% since the company’s 2021 initial public offering amid internal and external challenges.
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