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After shutting down its plant for upgrades, EV maker Rivian (RIVN) is warning that Q2 could be “messy.” Rivian’s CEO, RJ Scaringe, warned that Q2 will be messy at a fireside chat Thursday. Scaringe also discussed Tesla NACS adaptors and Rivian’s upcoming R2 and R3 vehicles.

Rivian has already accomplished a lot since its first vehicle, the R1T, rolled off the production line in 2021.

After Rivian’s vehicle sales doubled last year (YOY), topping 50,000, the EV maker is ready to enter its next growth stage. However, like the past few years, the road to get there likely won’t be smooth.

The luxury EV maker is already making a name for itself as the fourth best-selling electric car maker in the US. Rivian’s R1S electric SUV is the best-selling large SUV, electric or gas, in California.

According to Kelley Blue Book data, it was also the fourth best-selling EV in the US during the first three months of 2024. The R1S was only behind Tesla’s Model Y, Model 3, and the Ford Mustang Mach-E.

Rivian-messy-Q2
Rivian R1S (Source: Rivian)

Despite the success, Rivian expects a slowdown in the second quarter. Rivian shut down production at its Normal, IL facility last month to “implement a whole host of changes,” according to Scaringe.

The upgrades “introduced a dramatic cost reduction in material costs,” Rivian’s CEO and Founder explained. Due to the shutdown, Scaringe warned that Q2 “is going to be messy.”

Rivian-messy-Q2
Rivian production at its Normal, Ill facility (Source: Rivian)

Rivian braces for a messy Q2 earnings

At Bernstein’s 40th annual Strategic Decisions Conference Thursday, Scaringe said 2024 is a big year for Rivian with new R1 updates and cost improvements.

Despite being on a trajectory toward healthy positive gross margins in 2025, Rivian is still in the red to date.

Q3 ’22 Q4 ’22 Q1 ’23 Q2 ’23 Q3 ’23 Q4 ’23 Q1 ’24
Rivian loss per vehicle $139,277 $124,162 $67,329 $32,594 $30,500 $43,372 $38,784
Rivian loss per vehicle by quarter

Rivian’s gross vehicle margins narrowed slightly to a $38,784 loss per vehicle in Q1 from a $43,472 loss per vehicle in Q4. However, gross margins are still higher than the $32K and $30K loss in Q2 and Q3 2023, respectively.

Although new supplier negotiations and production upgrades are expected to drastically lower Rivian’s bill of materials into 2025, the shutdown will significantly impact Q2 earnings.

Scaringe warned, “From an investor perspective, the second quarter’s going to be messy” due to the month-long shutdown.

Rivian-R2
Rivian R2 (Source: Rivian)

“We will deliver a very small percentage of these newer vehicles [in terms of cost] in Q2,” Scaringe explained. “You won’t see a lot of those benefits until you get to Q3.”

Meanwhile, Scaringe added that the upgrades are “contractual.” Rivian isn’t “hoping or wishing costs were lower,” these have been negotiated with suppliers over the last 24 months.

Rivian added 100s of new robots for automation and increased the line rate by 30%. It also went from “41 components in the battery pack down to 16.”

Rivian-R1S-production
Rivian R1S production (Source: Rivian)

Scaringe said these improvements alone will create more efficiency and fewer hours per unit. In other words, the cost of goods sold is also being reduced.

Tesla NACS adoption and upcoming R2/R3

Rivian revealed its next-gen R2, a smaller and more affordable EV, in March. Scaringe also shocked the industry by introducing an even smaller and lower-cost R3 model.

Scaringe said the new models will greatly expand Rivian’s addressable market. The R2 will start in the “mid-$40,000s” compared to Rivian’s current $90,000 ASP.

Rivian-R2
Rivian R2 (Source: Rivian)

The R2 still “embodies the essence of Rivian,” Scaringe said, but Rivian had to make “trade-offs” to keep prices low. Some trade-offs could include features, content, and performance, but Scaringe doesn’t expect to impact customers too negatively.

For example, the R2’s suspension uses a strut, which is a lower-cost feature than what you find on the R1. The doors are also simpler, with a single piece of glass.

Scaringe said, “Every part must earn its way on the vehicle,” as it cuts costs. Rivian’s CEO explained that the R2 is not out to compete with Tesla’s best-selling Model Y; it is “competing with the 92% of customers who haven’t decided to go electric.”

Rivian-R3-design
Rivian R3X (Source: Rivian)

Rivian is expected to begin R2 production at its Normal, IL facility in the first half of 2026. Scaringe said the R2 scored over 68,000 reservations in less than 24 hours.

After Rivian began shipping R1 owners Tesla NACS adaptors last month, Scaringe said there was a shortage, but “those are shipping now.”

Scaringe added, “Over time, we will be switching to the NACS connector, along with moving our charging network over to that.” Rivian expects to incorporate NACS charge ports in R1T and R1S vehicles as standard in 2025.

Rivian owners can now access over 15,000 Tesla Superchargers, in addition to the 16,000 existing fast chargers they already have access to.

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Rumor: Polestar ($PSNY) planning reverse stock split to stay on NASDAQ

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Rumor: Polestar ($PSNY) planning reverse stock split to stay on NASDAQ

In a bid to get it above the $1.00/share NASDAQ-required minimum, fledgling EV brand Polestar ($PSNY) is rumored to be considering a 1:30 reverse stock split that could see the per-share price rocket up to nearly $16.

Geely-owned Volvo spinoff Polestar is working as hard as Tesla to prove that stock prices have little or nothing to do with traditional business fundamentals in 2025.

That’s because Polestar posted a 36.5% increase in retail sales and a heady 48.8% increase in revenue (to $2.17 billion) over the year before, Polestar’s share price has plummeted more than 35% in a matter of a few weeks – culminating in an unwelcome nastygram from NASDAQ threatening to delist the company’s shares from the NASDAQ if they didn’t climb back up above $1.

It looks bad


Via Yahoo!Finance.

To goose the share price, CarScoops is reporting that Polestar aims to move forward with the reverse stock split before the end of 2025. The expected 1:30 reverse split would boost the PSNY price to an estimated $15.90 per share at current prices, keeping the brand well out of risk of a delisting.

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In a reverse stock split, each share of the company is converted into a fraction of a share – so, if a company announces a one for ten reverse stock split (1:10), every ten shares that you own will be converted into a single share. In a 1:30 reverse split like the one rumored here, every thirty shares in Polestar would become a single share.

The reverse split increases share price, but it’s not without risk:

A company may declare a reverse stock split in an effort to increase the trading price of its shares – for example, when it believes the trading price is too low to attract investors to purchase shares, or in an attempt to regain compliance with minimum bid price requirements of an exchange on which its shares trade … investors may lose money as a result of fluctuations in trading prices following reverse stock splits.

INVESTOR.ORG

That’s especially relevant because, despite the increased sales and revenue, the company is also posting increased losses. Through September, the brand posted a $1.56 billion net loss compared to an $867 million loss in the first nine months of 2024. The company is also getting hit hard by Trump-imposed tariffs in the US and increased downward pressure on pricing coming from aggressive post-tax credit discounts from rival brands like BMW and Kia.

If the split does happen, here’s hoping Polestar can make the most of their borrowed time and they don’t end up like Lordstown Motors or Faraday Future – two brands that have pulled similar reverse stock splits with dubious results.

Electrek’s Take


Make the switch to Polestar. Save up to $20,000 on a Polestar 3 lease as a Tesla owner.
Polestar showroom; via Polestar.

Product-wise, at least, Polestar’s future appears to be bright. The new 3 crossover is a viable competitor to the industry-leading Tesla Model Y, and the upcoming Polestar 4 and 5 models seem like winners, too. To drive that point home, Polestar is promoting up to $18,000 in lease incentives to lure Tesla buyers into their showrooms.

You can find out more about Polestar’s killer EV deals on the full range of Polestar models, from the 2 to the 4, below, then let us know what you think of the three-pointed star’s latest discount dash in the comments section at the bottom of the page.

SOURCE: CarScoops; images via Polestar.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Maybe it really SHOULD have been the new Maxima: meet the Nissan N6 EREV

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Maybe it really SHOULD have been the new Maxima: meet the Nissan N6 EREV

With its sleek, uncluttered styling and more than 100 miles of battery-electric range before the extended range electric sedan’s gas engine kicks on, maybe the new Nissan N6 really should have been the next Maxima!

Struggling Japanese carmaker Nissan is dealing with an aging lineup and a brand identity driven more by subprime financing than any suggestion of reliability or sportiness here in the US – but overseas? The brand is rolling out hit after hit, and the latest Nissan N6 plug-in sedan promises exactly the sort of entry-level panache that could change its American fortunes.

“Under our Re:Nissan plan, we are redefining what Nissan delivers today and beyond,” explains Nissan President and CEO Ivan Espinosa. “It’s about strengthening our core, reigniting Nissan’s heartbeat, and creating products that inspire excitement and trust. It is about a sharper, more focused product strategy, a stronger brand, and a renewed commitment to our customers. Integral to this transformation is China — an essential market whose speed, technological leadership, and customer insights are setting the pace for the global auto industry.”

Developed by the Nissan Dongfeng JV in China, the new N6 is more compact that the well-received N7 BEV. In fact, the new Nissan N6, at 190.1″ long, compares nicely to the 192.8″ length of the most recent (and largest-ever) US Maxima, discontinued in 2023. Like the Maxima, the top-shelf version features modern, near-luxe features like soft, leather-like surfaces, LED mood lighting, multi-way adjustable seats, and mimosas or something.

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Mimosas or something


Mimosas; via Nissan.

The four or five passengers inside the N6 are propelled down the road exclusively by the car’s 208 hp electric motor, which is efficient enough to take you 112 miles on a full charge of its 21.1 kWh LFP battery. Once that charge is depleted, a 1.5L gas engine kicks on as a high-efficiency generator to keep the good times rolling.

Nissan says the N6′ exterior design, “features a V-Motion signature grille and expressive LED lighting at the front and rear.” And says that the car’s crisp lines give it, “a confident, dynamic presence.”

All of which sounds good on its own, but sounds absolutely miraculous when you consider the car’s Chinese price: ¥106,900 – or about $15,000 US for the base Nissan N6 180 Pro, as I type this.

Even with a nearly 100% markup to give it a $29,990 price tag in the US, I think the N6 would be a huge hit in the North American market. And – good news! – thanks to Canada’s apparent willingness to give Chinese carmakers a shot, we might find out if I’m right somewhat sooner than later.

Check out the Nissan N6 image gallery, below, then let us know what you think of the car’s US and Canadian appeal in the comments.


SOURCE | IMAGES: Nissan.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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BLUETTI just dropped new home backup power stations – and slashed prices up to 65% for Black Friday

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BLUETTI just dropped new home backup power stations – and slashed prices up to 65% for Black Friday

Whether you’re prepping for winter power outages, loading up the RV for a long-haul trip, or want clean, reliable power anywhere you go, BLUETTI has a portable power option for every need. And right now, the clean energy experts are offering up to 65% off their most popular products for Black Friday – plus they’ve just dropped two major new releases: the Elite 400 and B500K expansion battery.

Here’s a complete guide to what’s new, what’s on sale, and how to pick the model that fits your lifestyle best. There are also some special deals just for Electrek readers, so don’t miss out!

For home backup + outdoor adventures: Elite 200 V2 and all-new Elite 400

Elite 200 V2 – Best value for backup, camping, and van life

BLUETTI’s Elite 200 V2 is designed for power users who need versatility. It’s nicknamed the “Swiss Army Knife” of portable power stations because it powers everything from your fridge to your laptop — whether you’re off the grid or just want to keep the lights on during a storm.

Key specs:

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  • Battery capacity: 2,073.6Wh
  • Continuous power output: 2,600W (3,900W surge)
  • 9 output ports: AC, DC, USB-C, and more
  • Recharges to 80% in just over one hour
  • Ultra-quiet 16 dB operation
  • LiFePO₄ battery with a 17-year lifespan (3,500+ cycles)

Who it’s for:

  • RVers, weekend campers, off-grid explorers, small cabin owners
  • Homeowners looking for dependable backup power

Commonly powered devices: Mini-fridges, coffee makers, power tools, microwaves, kettles, electric blankets, laptops, LED lights, wifi routers

Its compact profile makes it easy to tuck away in an RV cabinet, trunk, or apartment closet.

Elite 200 V2 Portable Power Station is regularly priced at $1,699, and it’s on sale for the record-low price of $699 – that’s a 59% discount for Black Friday and Cyber Monday.

Elite 400 Rolling Power Station — New and optimized for home

Launching November 15, the Elite 400 is a powerful 3.8kWh portable station designed with mobility and backup readiness in mind. With built-in wheels, a telescoping handle, and side grips, you can roll it anywhere – even if you’re flying solo.

Key specs:

  • Battery capacity: 3,840Wh
  • Continuous power output: 2,600W (3,900W lifting power)
  • 9 output ports for simultaneous device charging
  • 15ms UPS switchover during power outages
  • Recharges to 80% in 70 minutes using AC + solar
  • Low standby energy use (3W) with app-control wakeup and timers

Who it’s for:

  • Homeowners needing serious backup power
  • Outdoor event hosts, road trippers, off-grid enthusiasts

Commonly powered devices: Full-size refrigerators, sump pumps, CPAP machines, space heaters, power tools, projectors, outdoor cooking appliances, large TVs

Whether you’re powering your home in a blackout or running a campsite movie night, the Elite 400 delivers enough capacity to handle just about anything.

The new Elite 400 Portable Power Station is regularly priced at $2,999, and it’s making its debut on November 15 for $1,499 – that’s a 50% discount for Black Friday and Cyber Monday.

For whole-home power and off-grid living: Meet the new B500K expansion battery

If you’re looking for a system that grows with your energy needs, the B500K expansion battery delivers massive storage potential at a competitive cost of around $0.33/Wh – making it an excellent choice for users seeking higher capacity than the well-acclaimed B300K. Paired with the Apex 300, it also qualifies for the soon-to-end 30% Federal Tax Credit. Designed to integrate seamlessly into BLUETTI’s modular ecosystem, it’s ideal for home battery backup or off-grid setups.

Key specs:

  • Supports up to 100 kWh storage (paired with Apex 300 system)
  • Compatible with BLUETTI’s SolarX 4K, B300K, Hub D1, and more
  • Acts as both standalone power or an expansion battery
  • Future-proof with long-term ecosystem integration

The new B500K expansion battery is regularly priced at $2,999, and it’s making its debut on November 15 for $1,699 – that’s a 43% discount for Black Friday and Cyber Monday.

Ideal bundles:

  • Apex 300 + B500K: Best for large homes, off-grid living, and whole-home backup. With a larger individual capacity, the B500K enables a plug-and-play power system that can be expanded to a massive 100 kWh with the Apex 300. It provides 3.8 kW of power output and 7,884.8 Wh of capacity in total.
    The Apex 300 + B500K Home Battery Backup is priced at $4,998, and it’s on sale for Black Friday for $3,098 – that’s a 38% discount.
  • Apex 300 + B300K: The Apex 300, paired with the B300K, provides 5.5 kWh of capacity and up to 3.8kW of power output, offering smaller households or remote cabins reliable off-grid energy with room to scale. It’s an ideal way to support essential loads, such as refrigerators, lights, fans, and wifi routers, without the need to invest in a larger setup.
    The Apex 300 + B300K is normally priced at $4,098, and it’s on sale for Black Friday for $2,299 –that’s a 44% discount.

Plus! Both bundles are fully eligible for the 30% federal Residential Clean Energy Credit through December 2025.

For everyday portability: Elite 30 V2 and the new Elite 10

Elite 30 V2 – now in EcoTide colors

If you need lightweight, flexible power for camping, car trips, desk-side charging, or college dorm use, the Elite 30 V2 is the sweet spot. Weighing just 4.3 kg, it’s a portable backup that fits in your backpack or on a small shelf. Plus, it comes in six fun colors.

Key specs:

  • Battery capacity: 288Wh
  • Continuous power output: 600W (1,500W surge)
  • 9 output ports including 140W USB-C PD
  • Charges to 80% in 45 minutes
  • Quiet operation under 30 dB
  • 10-year LiFePO₄ battery lifespan, with a 5-year warranty

Ideal for powering: Laptops, DSLR cameras, portable fans, smartphones, drones, modems, LED lighting, external hard drives

It’s perfect for digital nomads, travelers, or anyone who needs reliable backup power without adding bulk.

Elite 30 V2 Portable Power Station is regularly priced at $304, and it’s on sale for $199 – that’s a 35% discount for Black Friday and Cyber Monday. You can buy it on BLUETTI’s website here and on Amazon here.

Sneak preview: The new Elite 10 – pocket-sized power

Launching on November 20, the palm-sized Elite 10 is BLUETTI’s most compact power station yet. It’s the perfect in-between if a power bank won’t cut it, but you don’t want a full-sized power station.

Key specs:

  • Battery capacity: 128Wh
  • Power output: 200W AC (300W peak, 400W surge)
  • 5 DC outlets + 200W AC outlet
  • Fully recharges in 70 minutes
  • LED light modes: reading, warm, SOS

Perfect for powering: Bluetooth speakers, portable fans, DSLR cameras, tablets, Chromebooks, routers, handheld consoles, mini-fridges

Small enough to slip into a tote, train bag, or glovebox, the Elite 10 is built for everyday carry and quick power access.

The Elite 10 launches next week and is said to be the best budget-friendly option yet – available for under $150, and rumored to go even lower. You’ll be able to grab it on BLUETTI’s website and on Amazon here starting November 20.

Electrek exclusive discounts

In addition to the fantastic Black Friday Cyber Monday sale prices, up to 65% off, BLUETTI is offering a special discount code just for Electrek readers!

  • 95% of BLUETTI products qualify for an extra 5% off with code: ELECTREK5OFF
  • The new Elite 400 and all Apex 300 series products qualify for 6% off with code: ELECTREK6OFF

Now is the best time to invest in a power system that’s quiet, clean, and ready whenever you need it – at home or beyond the grid.

The trusted name offers a full lineup of portable power stations to keep you charged – whether a winter storm hits or you’re enjoying outdoor adventures – and stay charged, no matter where life takes you.

Follow BLUETTI on Twitter/X here and on Facebook here.

All photos: BLUETTI

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