Rivian Posts Revenue Beat, Audi Defends Expansion and More: This Week in Mobility

This week’s mobility headlines ranged from earnings results to long-term production plans across automakers and EV-related firms. Rivian Automotive reported third-quarter revenue of $2.155 billion, up 38% year over year, beating the $1.984 billion Street consensus and lifting shares while updating delivery guidance. Carvana shares rose after its third-quarter results, even as analysts lowered price targets. In markets commentary, Gary Black predicted a potential SpaceX offer of $420 per share for Tesla in a stock-for-stock deal, warning dilution could limit gains. Harley-Davidson’s fiscal third-quarter results missed expectations, though it raised its full-year forecast. Ford CEO Jim Farley highlighted an upcoming sub-$30,000 Fathom EV pickup. Audi CEO Gernot Doellner defended Georgia expansion plans.