Zinger Key Points
- Rivian partners with Ben & Jerry's to debut electric "scoop trucks" at SXSW, highlighting a commitment to sustainability.
- Rivian earlier said it expects 46,000-51,000 vehicle deliveries in fiscal 2025, with a projected adjusted EBITDA loss of $1.7B to $1.9B.
- Our government trade tracker caught Pelosi’s 169% AI winner. Discover how to track all 535 Congress member stock trades today.
Rivian Automotive, Inc. RIVN shares are trading lower as the market anticipates the impact of U.S. tariffs set to begin Tuesday. However, the company is making waves with a collaboration that’s sure to turn heads.
Rivian has teamed up with Ben & Jerry’s, the Vermont-based ice cream maker, to introduce two electric “scoop trucks” of the future.
Built on the Rivian Commercial Van, these trucks will modernize the classic ice cream truck experience.
The new scoop trucks will be making their debut at the South by Southwest festival in Austin, Texas, this week, and will continue their tour across the country, bringing ice cream to fans and spreading good vibes.
The collaboration highlights both companies’ commitment to sustainability.
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With a range of 161 miles, Rivian’s Commercial Vans will allow for more events and ice cream deliveries than ever before.
Brian Gase, Rivian’s Senior Director of Prototype Development, expressed excitement about the project.
Last month, Rivian reported fourth-quarter revenue of $1.73 billion, beating a Street consensus estimate of $1.4 billion according to data from Benzinga Pro.
The company expects a “modest gross profit” and 46,000 to 51,000 vehicle deliveries for fiscal 2025.
Price Action: RIVN shares are trading lower by 2.39% to $11.24 at last check Tuesday.
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