Rivian's Dual-Motor R1T Models Impress With Extended Range
Portfolio Pulse from Benzinga Neuro
Rivian (NASDAQ:RIVN) is escalating its production with a goal to produce 52,000 electric vehicles this year. The company's new R1T Dual-Motor Large Pack models are impressing with their extended range. Rivian has outperformed other EV startups with its innovative, all-electric adventure vehicles. The company manufactured 13,992 EVs in Q2, a 50% increase from the first three months. The first Dual-Motor R1T models started appearing in the R1 shop in July.
September 21, 2023 | 7:17 am
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POSITIVE IMPACT
Rivian's new R1T models and increased production could positively impact its stock price.
Rivian's new R1T models with extended range and increased production are likely to attract more customers and investors, potentially leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100