Rivian's $16,000 Max Battery Pack For R1S Raises Eyebrows: 'You Have To Be Kidding Me'
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) has introduced a 'Max' battery pack for its R1S SUV, priced at $16,000. The Max battery option provides an EPA-estimated range of 400 miles with dual-motor and performance dual-motor R1S SUVs. The company offers three battery options: the standard pack (free), the large pack ($6,000), and the Max pack. The high price of the Max pack has sparked criticism among users on social media.
October 03, 2023 | 6:49 am
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Rivian's new 'Max' battery pack for its R1S SUV is priced at $16,000, sparking criticism for its high price. This could potentially impact the company's reputation and sales.
The high price of Rivian's new 'Max' battery pack has sparked criticism among users on social media. This negative sentiment could potentially impact the company's reputation and sales, leading to a potential decrease in the company's stock price in the short term.
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