Billionaire Soros Buys Stake In EV Startup Rivian
Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Friday.
The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in the company. Rivian, which is 20% owned by Amazon.com Inc, is expected to provide the e-commerce company with more than 100,000 electric trucks.
Irvine, California-based Rivian said in December it expected production to fall "a few hundred vehicles short" of its 2021 target of 1,200 due to supply chain constraints, highlighting the likely challenges in ramping up production to take on EV leader Tesla Inc.
Shares of Rivian fell 9% Friday and are down 43% for the year to date. The stock price is down 67% from the high of $179.46 it touched on Nov. 16, less than a week after it raised $12 billion in the largest stock debut of 2021.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Related News
Latest Cars
Upcoming Cars
Latest News
Seshan Vijayraghvan | Feb 4, 2026Skoda Kylaq Crosses 50,000 Units Sales MilestoneThe Kylaq has been the brand’s best-selling car, which has led to Skoda Auto India’s best-ever sales performance in 2025.1 min read
Seshan Vijayraghvan | Feb 4, 2026Volkswagen Tayron R-Line’s Pre-Bookings Open For Rs. 51,000Customers can pre-book the SUV for a token of Rs. 51,000; however, the price announcement will take place sometime later in February 2026.1 min read
car&bike Team | Feb 4, 2026Audi India Adds ‘My Auras’ In-Car Experience ModesAvailable for select models, the feature syncs the mood lighting, music, air conditioning, seat heating/ventilation and massage functions based on the selected mode.1 min read
car&bike Team | Feb 4, 2026Suzuki Access ABS Launched At Rs. 92,328The Suzuki Access ABS is now the most-affordable two-wheeler with single-channel ABS on sale in India.2 mins read
car&bike Team | Feb 4, 2026Nissan Gravite MPV India Debut On February 17Set to be underpinned by Renault-Nissan’s CMF-A platform, the Gravite will share its underpinnings with the Renault Triber.1 min read
car&bike Team | Feb 3, 2026China Mandates Fitting of Mechanical Door Handles On New Cars From 2027Vehicles already on sale to be given an additional 2 years to conform to the new norms.2 mins read
Bilal Firfiray | Feb 4, 2026Volkswagen Tayron R-Line Review: Sensible Flagship For IndiaVolkswagen has introduced a made-in-India flagship SUV that offers space, comfort, performance, and German driving finesse in a practical three-row package. But is the Tayron R-Line good enough?6 mins read
Preetam Bora | Feb 2, 2026TVS NTorq 150 Road Test Review: Bigger, Better & More Efficient!We test the new TVS NTorq 150 out in the real world to get a sense of what it offers in terms of performance, dynamics and fuel economy.7 mins read
Bilal Firfiray | Jan 21, 2026Tata Punch Facelift Review: New Turbo Engine; Same Old SoulWith the update, the Tata Punch facelift retains its character of being a healthy runabout, which is perfect for Indian roads. But have these changes made it any better?7 mins read
Amaan Ahmed | Jan 17, 2026Bajaj Chetak C25 First Ride Review: Basic, Likeable E-Scooter For First-Time RidersThe Chetak C25, in quite a few ways, is poles apart from the larger and more powerful 30 and 35 Series models, but in its mannerisms, it is very much a Chetak.8 mins read
Bilal Firfiray | Jan 9, 2026Toyota Urban Cruiser Hyryder: 10,000 km Long-Term ReviewAfter spending over three months and 10,000 km with the Toyota Urban Cruiser Hyryder Hybrid, we were impressed by its real-world mileage, seamless hybrid, practical comfort, and Toyota reliability. Is it the best C-SUV then?5 mins read