Rivian Down 16% In March As CEO Scaringe Bets The Company On A Tesla Model Y Killer - Rivian Automotive (NASDAQ:RIVN)

Rivian Down 16% In March As CEO Scaringe Bets The Company On A Tesla Model Y Killer - Rivian Automotive (NASDAQ:RIVN)

Rivian Automotive Inc. (NASDAQ:RIVN) is down 16% in March as the company unveiled its R2 SUV at SXSW this week. CEO RJ Scaringe called it a “make-or-break product.” The launch model starts at $57,990, nearly $13,000 above the $45,000 entry price the company has been advertising. That cheaper version? Pushed to late 2027. Rivian’s CSO Wassym Bensaid told the Wall Street Journal on Friday that only Tesla Inc. (NASDAQ:TSLA) and Rivian have caught o…

Why Rivian is holding the $45,000 base model R2 until 'late 2027'

Rivian spent the last two years promoting the R2 as a $45,000 SUV. But buyers won't be able to pay that price until late next year -- if at all.

Rivian Is Down 5% — Did the R2 Reveal Disappoint Wall Street?

Quick Read Rivian Automotive (RIVN) stock fell 5% on the R2 reveal after climbing 11.6% the prior week, as the market sold off gains that had already been priced in the announcement. Rivian revealed its mass-market R2 SUV, priced at approximately $45,000 and targeting first deliveries in Q2 2026. while the company posted its first full year of positive gross profit in 2025 despite a $3.6B net loss and negative free cash flow of $2.489B. Fina…

Rivian’s New All-Electric SUV Is a Lightning-Quick Off-Roader

Rivian debuted a second model, the off-road-friendly R2. The EV will launch this spring and has a dual-motor powertrain that makes 656 hp.

Rivian announces R2 will start at $59,485 at launch, with lower cost trims set to arrive in 2027

Rivian unveiled the launch pricing for its highly anticipated R2 on Thursday....

The $45,000 Rivian R2 Doesn't Stack Up To The Tesla Model Y In One Key Way

The pricier R2 Performance isn’t for everyone. So here’s a closer look at the cheaper trim.