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Rivian’s crucial R2 EV launch to begin with $58,000 model in spring

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Rivian's crucial R2 EV launch to begin with $58,000 model in spring

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

Rivian Automotive will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model, the company announced Thursday.

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The first of the R2 midsize vehicles will be a performance model with a “Launch Package” that includes a 330-mile range, dual motors, special attributes and “lifetime” access to its Autonomy+ advanced driver-assistance system. The vehicle will have 656 horsepower and 609 foot-pounds of torque, and is capable of accelerating from 0-60 mph in as quick as 3.6 seconds.

Rivian has been touting a less expensive, entry-level version of the vehicle, starting at $45,000, but it said that model, which is expected to be less profitable, won’t be available until late 2027. Its current vehicles start at more than $70,000

The R2 is considered a make-or-break moment for Rivian after the company has lost billions of dollars and seen waning demand for its current vehicles: the R1 SUV and pickup and an electric delivery van. The R2, from an exterior perspective, is essentially a smaller version of the R1 SUV, but the company has reworked the vehicle’s software, electrical system and parts in an attempt to make it more efficient and profitable.

Rivian founder and CEO RJ Scaringe has promised investors that the R2 will be a turning point for the company’s profits, sales and technologies. The EV maker is also aiming to launch hands-free, eyes-off driving to better compete against U.S. EV industry leader Tesla.

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“R2 is the key transition vehicle for Rivian to transform into a scaled auto manufacturer, which in turn helps drive operating leverage across the business (including R1),” said Morgan Stanley analyst Andrew Percoco.

Morgan Stanley noted that while it’s bullish on long-term demand for the R2, it remains more “cautious in the near-term” as the company transitions to its third-generation electrical architecture that will debut on the new vehicle.

Why the R2 could be Rivian's key to profitability

Others, such as Barclays, have questioned the demand for the R2, which Rivian has said is expected to anchor its current plant in Normal, Illinois, as well as an upcoming, multibillion-dollar plant in Georgia that’s expected to be capable of producing up to 400,000 vehicles a year.

“There is increasing uncertainty on R2’s volume outlook following the recent negative policy developments (i.e. $7.5k IRA credit expiration, reduced reg credits, tariff costs), with R2 likely launching in a period of weak US EV demand,” Barclays analyst Dan Levy said in an August investor note analyzing potential demand for the vehicle.

In addition to changing federal regulations, such as the end of up to $7,500 in federal tax credits, the R2 comes to market as many automakers are pulling back their EV plans or writing off billions of dollars in losses amid slower-than-expected adoption of the vehicles. Analysts have also significantly lowered expectations for market share growth in the years ahead.

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Scaringe has said the company expects the R2 to not only compete with EVs such as the Tesla Model Y — the bestselling EV globally — but also traditional gas-powered vehicles.

The R2 is comparable to the Model Y in many key areas. It’s similar in size, mile range and its acceleration time. The Model Y, however, starts at roughly $40,000 and already offers many of the driving technologies Rivian is attempting to accomplish with the R2.

“R2 is an exceptional vehicle and I believe will be a game changer for our customers, our company and the industry,” Scaringe said last month during a call with investors on the company’s quarterly earnings results. “R2 is an extension of the experience we delivered in R1 with design elements and performance to inspire adventure but in a smaller form factor and, importantly, at an attractive lower price point.”

Shares of Rivian have been higher ahead of details of the R2 being released, buoyed by an upgrade by TD Cowen to buy based on a recent deep dive on demand trends for the new EV.

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Scaringe described 2025 to investors last month as a “foundational year” for Rivian, while saying 2026 will mark “an inflection point” for the company.

Rivian’s 2026 guidance includes adjusted pretax losses of between $1.8 billion and $2.1 billion and capital expenditures between $1.95 billion and $2.05 billion. That compares with nearly $2.1 billion in adjusted pretax losses and $1.7 billion in capital expenditures last year.

Here are additional details Rivian released Thursday on its planned R2 lineup:

  • Spring 2026: R2 Performance and “Launch Package,” starting at $57,990. Features all-wheel-drive, up to 330-mile range, and 656 horsepower and 609 foot-pounds of torque.
  • Late 2026: R2 Premium, starting at $53,990. Includes a dual-motor AWD setup that produces 450 horsepower and 537 foot-pounds of torque and up to 330 miles in range.
  • First half of 2027: R2 Standard, starting at $48,490. Features rear-wheel drive with 350 horsepower and 355 foot-pounds of torque and up to 345-mile range.
  • Late 2027: R2 Standard, starting at around $45,000. The company has released limited other details about the model other than that it’s expecting to offer a more than 275-mile range.
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Form 144 Live Oak Bancshares For: 12 March

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Form 4 BARK Inc For: 12 March

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(VIDEO) Bam Adebayo Drops Historic 83 Points, Second-Highest Single-Game Total in NBA History

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Bam Adebayo Drops Historic 83 Points, Second-Highest Single-Game Total in

Miami — Bam Adebayo delivered one of the most stunning individual performances in NBA history on March 10, 2026, pouring in 83 points as the Miami Heat demolished the Washington Wizards 150-129 at Kaseya Center.

Bam Adebayo Drops Historic 83 Points, Second-Highest Single-Game Total in
Bam Adebayo Drops Historic 83 Points, Second-Highest Single-Game Total in NBA History

The 28-year-old center, long celebrated for elite defense and versatility rather than pure scoring, shattered his previous career high of 41 points in a night that rewrote Heat franchise records and placed him second on the league’s all-time single-game scoring list.

Adebayo finished 20-for-43 from the field, including 7-for-22 from beyond the arc, and made an NBA-record 36 of 43 free throws. The 36 made free throws surpassed the previous single-game mark, while his 43 attempts also set a new record. He added nine rebounds, three assists, two steals and two blocks in 42 minutes of dominant play.

The 83-point outburst ranks as the second-highest scoring game in NBA history, trailing only Wilt Chamberlain’s legendary 100-point performance on March 2, 1962. It eclipses Kobe Bryant’s 81-point explosion against the Toronto Raptors on Jan. 22, 2006, becoming just the third 80-plus point game ever recorded.

Adebayo paced the Heat with blistering efficiency across quarters: 31 points in the first, 43 by halftime and 62 after three periods. He set new Miami franchise highs for points in a quarter (31), half (43) and full game (83), topping LeBron James’ previous team record of 61. Adebayo became the first Heat player to attempt 40 field goals in a contest and joined rare company with 20 made field goals and 25-plus free throws in the same game.

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The victory extended Miami’s winning streak to six games, improving their record to 37-29 and strengthening their hold on a playoff spot in the Eastern Conference. While teammates contributed to the balanced attack, Adebayo carried the offense in a performance fueled by relentless drives, sharp outside shooting and repeated trips to the line amid Washington’s defensive breakdowns.

In the locker room afterward, Adebayo spoke with a mix of awe and gratitude. “Wilt, me, then Kobe — that list sounds unreal,” he told reporters. He credited family members in attendance — including his emotional mother captured on broadcast — and teammates for setting him up throughout the night. During a postgame FaceTime segment on NBA Showtime, he singled out one of his made 3-pointers as a personal highlight in the historic effort.

The performance stunned analysts and fans alike given Adebayo’s typical scoring profile. Entering the game, he averaged in the low 20s, with rebounding, rim protection and playmaking as his trademarks. The leap from 41 to 83 marked the largest single-game career-high improvement in league history, amplifying the shock value.

Social media erupted with highlight reels, NBA official clips of every bucket drawing millions of views within hours. Commentators debated the context — heavy free-throw volume tied to foul-drawing prowess and Wizards’ struggles — yet the achievement stood irrefutable. “Bam just became forever legendary,” one viral reaction summed up the sentiment.

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The Wizards, mired in a difficult rebuild season, struggled to contain Adebayo as he exploited mismatches and drew fouls at will. Miami’s spacing and ball movement created open looks, allowing the big man to showcase an expanded offensive arsenal rarely seen at this volume.

Beyond the numbers, the night carried deeper meaning for Adebayo, a two-time Olympic gold medalist and Heat cornerstone since being drafted 14th overall in 2017. The outburst reinforced Miami’s culture of players stepping up in big moments under coach Erik Spoelstra and elevated Adebayo’s legacy as a complete two-way force.

League-wide reactions flooded in from former stars like Tracy McGrady and Vince Carter, who joined broadcast discussions praising the “unbelievable” feat. ESPN breakdowns dissected the statistical dominance, while YouTube recaps and fan edits continued to circulate widely.

As the Heat push toward the postseason, Adebayo’s 83-point masterpiece provides a massive confidence boost and a defining moment for the franchise. No immediate follow-up games shifted the focus away from March 10’s extraordinary display.

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In a league filled with superstar scoring nights, Bam Adebayo proved he could reach historic heights on a night when everything fell into place. The performance joins the short list of true all-time great individual efforts, cementing his place in NBA lore.

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Private bank stocks slump up to 21% in one month, but Gurmeet Chadha sees value. Here’s why

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Private bank stocks slump up to 21% in one month, but Gurmeet Chadha sees value. Here's why
While private banks have underperformed benchmarks Nifty and the Sensex over the past month, banking stocks overall offer great value for investors, market veteran Gurmeet Chadha said. He further said that banks’ transition from Loan-to-Deposit Ratio (LDR) to Liquidity Coverage Ratio (LCR) augurs well for them and could potentially increase credit by 3%-7% in their books.

“Minus subsidiary values, even private Banks like HDFC, ICICI r trading at 2 times book & P/E multiples of 12-15 times. Due to FII selling, it may remain under near term pressure, banks offer great value, even some NBFCs. Also banks moving frm LDR to LCR offer scope to increase credit by 3-7% in their books,” Chadha said in a tweet.

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Chadha said that he expects a 3% to 7% uptick in credit in banks’ books on the back of a switch to LCR.While both LDR and LCR are liquidity indicators in banking, they measure different aspects of a bank’s balance sheet strength. LDR shows how much of a bank’s deposits are being used to give loans while LCR measures whether a bank has enough high-quality liquid assets to survive a stress scenario.

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The Nifty Private Bank has slipped over 10% in the past month versus Nifty’s near 8% slide in the same period.
Individually, HDFC Bank and ICICI Bank have fallen by 10% and 11%, respectively. IDFC First Bank remains the top loser at 21% share price erosion and is followed by 12% fall in Kotak Mahindra Bank.
Others including YES Bank, Axis Bank, The Federal Bank and RBL Bank are down between 6% and 8%.
In the 10-stock index, the lone gainer in Bandhan Bank has gained 5% in the same period.

Meanwhile, the Nifty PSU bank is down 4% over a one-month period, with Punjab & Sind Bank (PSB) emerging as the top loser, down 12%. Others like State Bank of India (SBI), Uco bank, Bank of India (BoI), Indian Overseas Bank (IoB), Punjab National Bank (PNB), Canara Bank, Central Bank of India and Bank of Baroda (BoB) have fallen in single digit up to 9%.

The state-run bank’s whose shares have seen an uptick include Indian Bank (3%), Bank of Maharashtra (2%) and Union Bank of India (1%).

Also read: As Iran Israel crisis clouds outlook for tile makers, what is next for Cera, Kajaria, Somany after 26% slide?

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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How to Stay Up to Date with the Travel Industry in 2026

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How to Stay Up to Date with the Travel Industry in 2026

The travel industry evolves at breakneck speed, with new technologies, regulations, and consumer preferences reshaping the landscape almost daily. Whether you’re a travel professional, hospitality manager, or tourism entrepreneur, staying informed isn’t just helpful—it’s essential for survival.

In 2026, the volume of information available can feel overwhelming, but with the right strategies, you can cut through the noise and focus on what truly matters for your career and business.

Subscribe to Industry-Specific Publications and Newsletters

The foundation of staying informed starts with curating reliable sources that deliver relevant information directly to you. Major publications like Skift, Travel Weekly, and Phocuswright offer daily newsletters that summarize the most important developments in the sector. These curated digests save you hours of searching while ensuring you don’t miss critical updates.

Beyond mainstream publications, consider subscribing to niche newsletters that align with your specific area of interest. If you work in sustainable tourism, publications like Green Hotelier provide targeted insights. For those in the airline sector, resources like The Points Guy and airline-specific trade journals offer deeper dives into aviation trends.

The key is finding a balance between breadth and depth. Start with two or three general industry sources, then add specialized publications as needed. Most professionals find that spending 15-20 minutes each morning reviewing newsletters keeps them adequately informed without overwhelming their schedule.

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Leverage Social Media Strategically

Social media has transformed how travel industry news today reaches professionals, offering real-time updates and diverse perspectives. LinkedIn has become particularly valuable for B2B travel news, with industry leaders and companies sharing insights, analysis, and breaking developments. Follow key influencers, trade organizations, and major brands to create a customized feed.

Twitter remains excellent for immediate updates, especially during conferences or when breaking news occurs. Create lists of travel journalists, analysts, and company accounts to streamline your feed. Instagram and TikTok, while more consumer-focused, offer valuable insights into emerging travel trends and destination marketing strategies.

The trick is setting boundaries to prevent social media from consuming your day. Dedicate specific times to check your feeds, and use tools like TweetDeck or Hootsuite to organize and filter content efficiently.

Attend Virtual and In-Person Industry Events

Conferences, trade shows, and webinars remain unmatched for networking and gaining comprehensive industry insights. Events like ITB Berlin, World Travel Market, and the Skift Global Forum bring together thought leaders who share forward-looking perspectives you won’t find in daily news coverage.

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In 2026, hybrid events offer flexibility for professionals who can’t travel frequently. Virtual attendance at major conferences provides access to keynote presentations and panel discussions without the expense of travel. However, in-person attendance still offers irreplaceable networking opportunities and spontaneous conversations that often yield the most valuable insights.

Don’t overlook smaller, regional events or specialized summits focused on topics like travel technology or sustainable tourism. These gatherings often provide more intimate settings for meaningful discussions and connections with peers facing similar challenges.

Join Professional Organizations and Online Communities

Membership in organizations like the American Society of Travel Advisors, the Global Business Travel Association, or regional tourism boards provides access to exclusive research, member forums, and professional development resources. These organizations often produce reports and studies that offer deeper analysis than typical news coverage.

Online communities on platforms like Slack, Discord, and specialized forums create spaces for real-time discussion and knowledge sharing. These groups allow you to ask questions, share experiences, and learn from peers worldwide. The collective intelligence of these communities often surfaces trends and solutions before they appear in mainstream publications.

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Utilize Technology and Aggregation Tools

Smart professionals use technology to automate information gathering. RSS feed readers like Feedly allow you to consolidate multiple sources into one interface, while Google Alerts notifies you when specific keywords or topics appear online. Podcast apps can help you consume industry content during commutes or workouts.

AI-powered news aggregators are becoming increasingly sophisticated, learning your preferences and surfacing the most relevant content. Tools like Flipboard and Apple News can be customized to prioritize travel industry sources while filtering out irrelevant information.

Conclusion

Staying current with travel industry developments in 2026 requires intentionality and strategy. By combining traditional publications with social media, attending key events, participating in professional communities, and leveraging technology, you can maintain a comprehensive understanding of the industry without feeling overwhelmed. The investment of time you make in staying informed will pay dividends through better decision-making, stronger professional relationships, and the ability to anticipate and adapt to changes before your competitors. Start with one or two strategies from this guide, then gradually expand your approach as you discover what works best for your schedule and learning style.

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WNBA, players union inch toward landmark CBA

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WNBA, players union inch toward landmark CBA

A general view of the WNBA logo on the court before a WNBA game between the Atlanta Dream and the Connecticut Sun on Sept. 1, 2025, at Mohegan Sun Arena in Uncasville, CT.

Erica Denhoff | Icon Sportswire | Getty Images

The Women’s National Basketball Association and its Players Association are inching closer to a collective bargaining agreement, now two days past their self-imposed deadline.

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The parties have been meeting around the clock at a midtown hotel in New York City, with negotiations stretching into the late morning hours to hammer out a deal, according to a person familiar with the process, who was not authorized to speak publicly. In the last 48 hours, there have been eight proposals exchanged between both sides addressing nearly every issue up for discussion, the person said.

The negotiations come as women’s sports have seen major financial growth from bigger media deals and strong demand.

The WNBA previously said the new CBA would need to be in place by March 10 in order to start their season on time. Negotiations between continued Thursday. It’s unclear what the delay will mean for the scheduled season start.

WNBPA President Nneka Ogwumike told reporters late Wednesday that players are “feeling movement” in the talks. The Players Association said it has been and will continue to be fully engaged in the negotiations.

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“We want to play. We’ve heard that from the other side as well,” Ogwumike told reporters.

The latest league proposal included increases in nearly every category, according to a copy of the details obtained by CNBC.

According to the proposal, the league is offering a salary cap four times higher than the current cap — at $6.2 million up from the existing cap of $1.5 million. That cap would grow annually with team and league revenue growth, per the proposal.

Average salaries would also see a major increase, starting at $570,000 in year one and growing to $850,000 in year six. The current average player salary in the league is about $120,000, according to a source familiar with the current CBA.

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The proposal includes maximum salaries exceeding $1.3 million growing to nearly $2 million. The current maximum contract under the existing CBA is just under $250,000, the source added.

The sides are still at odds over revenue sharing, however, according to the person familiar.

The latest proposal from the league includes a new uncapped revenue sharing system that is tied to both league and team revenues, according to the version obtained by CNBC. It no longer includes minimum thresholds for sharing to be triggered.

The league is also offering new minimum standards for facility upgrades such as locker rooms, weight rooms and treatment areas, as well as charter flight and first class travel amenities for all league events and increased performance bonuses.

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The WNBA season is set to kick off Friday, May 8, and the draft is scheduled for April 13.

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Form 13D/A GeoPark Ltd For: 12 March

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Kyivstar Group Ltd stock hits 52-week low at $10.15

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DICK’S Sporting Goods, Inc. (DKS) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-03-12 Earnings Summary

EPS of $3.45 beats by $0.51

 | Revenue of $6.23B (59.90% Y/Y) beats by $161.22M

DICK’S Sporting Goods, Inc. (DKS) Q4 2025 Earnings Call March 12, 2026 10:00 AM EDT

Company Participants

Nathaniel Gilch – Vice President of Investor Relations
Edward Stack – Executive Chairman
Lauren Hobart – President, CEO & Director
Navdeep Gupta – Executive VP & CFO

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Conference Call Participants

Brian Nagel – Oppenheimer & Co. Inc., Research Division
Adrienne Yih-Tennant – Barclays Bank PLC, Research Division
Simeon Gutman – Morgan Stanley, Research Division
Katharine McShane – Goldman Sachs Group, Inc., Research Division
Christopher Horvers – JPMorgan Chase & Co, Research Division
Paul Lejuez – Citigroup Inc., Research Division
Michael Baker – D.A. Davidson & Co., Research Division
Joseph Civello – Truist Securities, Inc., Research Division
Cristina Fernandez – Telsey Advisory Group LLC

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Presentation

Operator

Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome you to the DICK’S Sporting Goods Fourth Quarter and Full Year 2025 Earnings Conference Call.

[Operator Instructions]

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I would now like to turn the conference over to Nate Gilch, Vice President of Investor Relations. Nate, the floor is yours.

Nathaniel Gilch
Vice President of Investor Relations

Good morning, everyone, and thank you for joining us to discuss our fourth quarter and full year 2025 results. On today’s call will be Ed Stack, our Executive Chairman; Lauren Hobart, our President and Chief Executive Officer; and Navdeep Gupta, our Chief Financial Officer. A playback of today’s call will be archived on our Investor Relations website located at investors.DICKS.com for approximately 12 months.

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As a reminder, we will be making forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. Any such statements should be considered in conjunction with cautionary statements in our earnings release and risk factor discussions in our filings with

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Bavarian Nordic A/S (BVNRY) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good day, and thank you for standing by. Welcome to the Bavarian Nordic 2025 Annual Report. [Operator Instructions] Please be advised today’s conference is being recorded. I’d now like to hand the conference over to your first speaker today, CEO, Paul Chaplin. Please go ahead.

Paul Chaplin
CEO & President

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Thank you, and welcome, everyone, to today’s presentation, which is an update on our results for last year, 2025. Today, you’ll hear from me a few slides from myself, and then I will hand over to Henrik Juuel, the CFO. So if you turn to Slide 4, we reported very strong results last year, DKK 6.2 billion in revenue with a 28% EBITDA margin. And this is the result of very strong performance of both arms of our commercial business on Travel Health, but also on public preparedness. On Travel Health, we saw a 30% growth last year, which is a very strong performance across the whole portfolio, but also related to the launch of our Chikungunya vaccine. On public preparedness, in ’25, we were at the back end of an outbreak of mpox and we saw more than DKK 3.1 billion in revenues, which is approximately DKK 1 billion above the upper end of our normal base business.

So as I said, very strong performance from both parts of our commercial business in ’25. In addition, we sold the Priority Review Voucher valued at DKK 810 million. And if we included this in the EBITDA, this would bring the EBITDA to a 41% margin. Some events that have happened since — in

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