Rivian rides on EV tax-credit rush to beat revenue estimate, expects lower tariff costs

Rivian's Q3 2025 earnings call revealed a narrower EPS loss than expected, but the stock still slid in response. Investors are reacting cautiously to the news, reflecting ongoing concerns about the company's financial performance and market position.

Rivian has reported a remarkable 78% increase in third-quarter revenue, reaching $1.56 billion. This surge is largely attributed to a 47% rise in sales from its automotive business, highlighting the company's growing success in the electric vehicle market.

This week's Current Climate newsletter highlights the growing concerns over the unsustainable power demands of artificial intelligence, while also discussing the potential for electric cars to become significantly cheaper. Rivian's CEO, RJ Scaringe, shares insights on how China's pricing advantages in the EV market could impact global competition. This matters as it sheds light on the balance between technological advancement and environmental sustainability.

Rivian's CFO, Claire McDonough, recently highlighted that the conclusion of EV tax credits is pushing manufacturers to focus on creating more affordable electric vehicles. This shift is significant as it could lead to a broader adoption of electric cars, making them accessible to a wider audience. As companies like Rivian adapt their strategies to reduce costs, consumers may benefit from lower prices and increased options in the electric vehicle market.

First Brands has filed a lawsuit against its founder, Patrick James, alleging he misused company funds for extravagant personal expenses, including $500,000 on a private chef and $3 million on a New York townhouse.

First Brands has filed a lawsuit against its founder, Patrick James, alleging that he misused company funds for personal luxuries. The complaint details extravagant expenses, including $500,000 on a private chef, $150,000 for a personal trainer, and $3 million for renting a townhouse in New York.

In a recent pre-Budget speech, Chancellor Reeves indicated that she would not rule out tax increases, stating that she will make 'necessary choices.' This statement raises concerns among citizens and businesses about potential financial burdens ahead, highlighting the government's challenging position in balancing fiscal responsibility with economic growth.

In the morning Tokyo session, Japanese Government Bonds (JGBs) saw a slight increase, following the positive price movements in U.S. Treasurys from the previous night.

Ads for LED masks claiming to treat acne and rosacea have been banned due to regulations. The authorities emphasize that cosmetic devices must be registered and cannot make medical claims.

Perpetual, an Australian investment manager, is currently in discussions with Bain Capital regarding the potential sale of its wealth management unit. This move could mark a significant shift in the financial landscape.