Can't Afford A Rivian? You Can Lease Some R1T Models From Next Week
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) has announced the introduction of a leasing program for select R1T configurations starting next week in select states. This offers potential customers the opportunity to experience the R1T electric pickup truck without committing to a full purchase. Additionally, Rivian is offering a free wall charger and a credit of up to $2000 from Qmerit for new R1T inventory purchases until December 31, with delivery times ranging from 1-6 weeks.
November 22, 2023 | 9:47 am
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POSITIVE IMPACT
Rivian's new leasing program for the R1T and incentives for new purchases may attract more customers and positively impact the company's sales volume and stock price in the short term.
The introduction of a leasing program can make Rivian's R1T more accessible to a broader customer base, potentially increasing demand and sales. The additional incentives for new purchases, such as a free wall charger and a credit from Qmerit, could further entice customers. These factors are likely to be viewed positively by investors and could lead to a short-term increase in Rivian's stock price.
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