This marks the second time that Rivian has cut its sales projections this year. At the start of 2025, the company expected to sell up to 51,000 vehicles. In May, as it became clear that President Trump's tariffs and attacks on key climate policies would deal a blow to America's EV industry, Rivian cut the top end of its forecast to 46,000 units. Now it doesn't expect to meet that, either.
This week's e-bike news is all about exactly that-things that are new! We have a new e-bike release from Trek, a sneak peek at Rivian's upcoming e-bike, and new helmet technology that is proving safer than MIPS. Trek's new model, an electric gravel bike called the Checkpoint+ SL, is available in three spec tiers. All of them are equipped with TQ's 350W peak HPR60 mid-drive and are advertised to weigh between 30 and 31 lbs.
With the announcement of a new plant in Georgia made earlier this month, and a deal with Volkswagen several months ago, it looked like Rivian Automotive Inc. ( NASDAQ: RIVN), which has lost billions of dollars and will probably lose billions more, was on the road to a better future. However, the National Highway Traffic Safety Administration reported it had begun a preliminary investigation into 17,198 Rivian electric delivery vans over seat belt flaw concerns.
This was the 10th year that the auto firm has conducted its study. Based on the raw scores of automakers in the survey, Tesla was the clear winner with a rating of 873 points out of 1,000. As noted in a CarUp report, Tesla's ratings was more than twice as much as veteran automakers like Volkswagen or Toyota, which scored 432 and 436 points, respectively.
