Rivian is rolling out RivianOS 2, the biggest overhaul of its in-car software since the R1 first shipped. For the first time, it puts every vehicle the company sells on a single software stack.

The update, version 2026.31, started reaching eligible R1 and R2 vehicles today. It brings a rebuilt interface, Unreal Engine 5 graphics, real-time police and speed-camera alerts, and a deeper AI layer Rivian calls Unified Intelligence.

Rivian reported its second-quarter 2026 earnings today, and there are improvements across the board. It’s a car. The company started delivering the R2, its first vehicle priced under $50,000, to customers on June 9.

The financials came in strong too. Revenue reached $1.658 billion, up 27% year-over-year, and Rivian posted a record $179 million gross profit while beating Wall Street on revenue, earnings, and adjusted EBITDA.

Out of Spec Reviews put a Rivian R2 Performance and a Tesla Model Y Performance on the same roads on the same afternoon. The R2 used 18% to 26% more energy at every single speed they tested.

That’s awkward, because the two SUVs carry identical EPA efficiency ratings, and Rivian CEO RJ Scaringe has been telling media the R2 matches the Model Y.

A private seller in Littleton, Colorado has listed a brand-new 2027 Rivian R2 Performance on Cars.com for $79,900 — roughly $20,000 over what Rivian charges for the same vehicle.

The listing went up July 1, just weeks after Rivian started delivering the R2 to its first customers, and it comes with the kind of cover story flippers tend to lean on.

Rivian has commenced an underwritten public offering of 75 million shares of common stock, a raise worth roughly $1.5 billion based on the stock’s recent price.

The capital raise lands just days after Rivian’s stock rallied on stronger-than-expected Q2 delivery results and a raised full-year outlook.

Lucid has registered the design of its upcoming Cosmos with the European Union Intellectual Property Office, giving us the clearest look yet at the sub-$50,000 crossover the automaker is betting its future on.

The filing, published last week, shows the production design of Lucid’s first mass-market EV from every angle, inside and out, months before its expected reveal this summer.

Rivian laid off hundreds of workers on Tuesday, or less than 2% of its workforce, just one week after it began deliveries of its all-important R2 SUV.

The electric automaker confirmed the cuts hit its service and customer teams, which include sales and marketing, as it tries to claw its way to a profit it has yet to ever post.