An EF-1 tornado struck Rivian's manufacturing facility, damaging the section designated for R2 SUV production. No injuries were reported.
The tornado hit the Indiana factory where Rivian plans to manufacture its affordable R2 electric SUV, a critical product for the automaker's market expansion. The EF-1 classification indicates wind speeds between 73-112 mph.
Rivian has not yet disclosed the extent of structural or equipment damage, nor provided a timeline for repairs. The R2 launch timing remains unclear following the incident.
The R2 represents a key milestone for Rivian, positioned as a more affordable entry point to the company's vehicle lineup. The SUV is central to Rivian's growth strategy after a challenging year that included workforce reductions and extended timelines for new models.
Rivian's stock price and production forecasts may face pressure pending damage assessments and recovery updates.
Google's official Pixel 11 store page reveals a glowing, color-shifting orb on the camera bar. The mysterious feature hints at a new hardware element for the upcoming flagship lineup.
Valve is phasing out self-repair components for the LCD Steam Deck on iFixit, with the company declining to stock replacement OEM batteries going forward.
Dell and other PC manufacturers are launching direct competitors to Apple's MacBook Neo, which shipped 1.1 million units in its first weeks after debuting at an aggressive price point in March.
Chip equipment maker ASML is pushing to raise prices on its EUV systems and plans a 10% increase on DUV equipment, but major customer TSMC is resisting the move.