Apple's iPhone revenue jumped 22 percent to $57 billion over the past few months, despite supply chain issues impacting the device's processor. During an interview with Reuters, Apple CEO Tim Cook said iPhone "demand was off the charts" but added that there's "a little less flexibility in the supply chain at the moment for getting […]
Congress has reauthorized Section 702 of the Foreign Intelligence Surveillance Act - but only for another 45 days. The extension is meant to give legislators more time to negotiate reforms to the controversial wiretapping bill. If the past few weeks are any indication of how future debates will go, however, we're in for a bumpy […]
Rivian announced some changes today with regard to the factory its building in the state of Georgia. The company was planning to build the facility in two phases, each resulting in 200,000 vehicles of annual production capacity, for a total of 400,000 units. Rivian held a ground breaking ceremony late last year. Now the company […]
The two wildly fast-growing rivals have raised massive sums, pushed into each other's home turf and now have dueling ad campaigns.
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
Rivian reported its first quarter earnings of 2026, providing us a closer look at the company's financial health as it kicks off production for the crucial R2 electric vehicle. We've already got Rivian's production and delivery statement from the first three months of the year. The company sold 10,365 vehicles in Q1, representing 20 percent […]