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Tuesday Ticker: Rivian hires longtime Apple hardware designer

Toronto, Ontario ⁠— In this weekly Tuesday Ticker, Rivian goes Apple picking for new hires, while AutoCanada marks a date for its Q4 2023 and full-year 2023 results call. 

AutoCanada’s annuals

Edmonton-based dealer group, AutoCanada, will release its financial results on Thursday, March 7, 2024, before the markets open, the company announced this past Monday morning.

The conference call will begin at 9 a.m. Mountain Time (11 a.m. ET), said AutoCanada. 

The company is asking participants to join at least 10 minutes before the start of the call. 

The public is invited to listen to the live conference call or the replay.

This conference call will be webcast live over the Internet and can be accessed by all interested parties.

For those unable to listen during the live webcast, an audio replay of the webcast will be available shortly after the conference call’s conclusion for 90 days.

Rivian picks an Apple

A long-time Apple hardware engineering architect has departed the tech giant for Rivian, according to numerous reports from tech outlets last week. 

DJ Novotney, Apple’s VP of hardware, previously worked on the company’s home devices technology and is also known to have started initial efforts for Apple’s rumoured electric vehicle project. He is also renowned for his work on developing the iPod and iPhone for numerous generations, as well as the Apple Watch in recent years.

The reports that Rivian has hired Novotney are particularly notable as he has spent more than 25 years of his professional career with Apple. He remains one of the few Apple executives to tout such a long tenure with the company. 

As of Monday at noon E.T., shares of Rivian traded at US$15.80 per share, up 3.16 percent from market open, but down 25 percent year-to-date⁠—and down almost 88 percent from its market debut in Nov. 2021.

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