In the latest trading session, Rivian Automotive (RIVN) closed at $14.86, marking a -2.88% move from the previous day.
Rivian stock price is stuck in a technical bear market after falling from last December's high of $22.7 to the current $15.20. It retreated after the company shared details of the upcoming R2 vehicle, with its short interest continuing to rise.
The startup seeks to buck an EV downturn with a $57,990 SUV that can drive up to 330 miles on a single charge.
In the latest trading session, Rivian Automotive (RIVN) closed at $15.3, marking a -8.11% move from the previous day.
Rivian has unveiled eagerly awaited details on its R2 model, a launch that experts say could turn out to be a make or break moment for the EV maker.
Electric vehicle maker Rivian Automotive Inc (NASDAQ:RIVN) on Thursday unveiled pricing and specifications for its upcoming R2 midsize electric SUV, with models starting at about $45,000 as the company seeks to broaden its lineup and appeal to a wider market. The company said deliveries will begin in spring 2026 with the R2 Performance trim with Launch Package, priced from $57,990.
Shares of Rivian Automotive (NASDAQ:RIVN | RIVN Price Prediction) are down approximately 5% today, sliding below $16 as the company holds its highly anticipated R2 SUV reveal event.
Rivian will begin delivering its more affordable R2 line of SUVs this spring with a variant priced at $57,990 and roll out cheaper options in 2027, as the electric vehicle maker looks to widen its customer base and take on Tesla's best-selling Model Y.
Rivian will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model. The first of the R2 midsize vehicles will be a performance model with a "Launch Package" that includes a 330-mile range, dual motors and "lifetime" access to its advanced driver assistance system.
The EV maker just revealed pricing details for its new R2 lineup. Rivian will first launch a $57,990 model, with plans to debut a $45,000 variant in late 2027.
Mind Robotics is building factory robots, joining up with the electric-vehicle maker on training and testing.
Rivian (RIVN) is rated a Buy, with the R2 launch and proprietary AI/autonomy tech positioning it for long-term EV leadership. RIVN's in-house RAP1 chip, LDM, and Autonomy+ platform offer cost, efficiency, and licensing advantages over competitors, supporting margin expansion. Strong R2 demand (100,000+ reservations) and Volkswagen JV drive near-term growth, with technology licensing as a potential upside catalyst.