Is Rivian's Powered Tonneau Cover Making A Quiet Comeback?
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) is reportedly considering a relaunch of its powered tonneau cover after discontinuing it for an upgrade. The R1T model is designed to be compatible with both Rivian’s powered and manual tonneau covers. The powered tonneau cover is expected to become available in early 2024. Rivian initially introduced the powered tonneau cover, but ceased production in October 2022 after encountering issues. The company plans to reintroduce this feature, but a date has not been set.
September 07, 2023 | 6:44 am
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Rivian is considering a relaunch of its powered tonneau cover, which was discontinued due to issues. The reintroduction of this feature could potentially attract more customers and boost sales.
The reintroduction of the powered tonneau cover could be seen as a positive move by investors and customers, as it shows that the company is responsive to feedback and committed to improving its products. This could potentially lead to increased sales and a positive impact on the stock price.
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