Rivian Says Total Savings Estimated To Be Over $2.25B Vs The Original Forecast Of Launching First Line Of R2 Production At Rivian's Georgia Site; R2 Planned Start Of Production Timing Has Been Pulled Forward To Now Be In First Half Of 2026
Portfolio Pulse from Benzinga Newsdesk
Rivian announced that it expects to save over $2.25 billion compared to its original forecast for launching the first line of R2 production at its Georgia site. Additionally, the start of R2 production has been moved up, now expected in the first half of 2026.
March 07, 2024 | 6:41 pm
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Rivian anticipates over $2.25 billion in savings from its initial forecast for the R2 production line in Georgia, with an accelerated production start now in the first half of 2026.
The announcement of significant cost savings and an accelerated production timeline for Rivian's R2 model is likely to be viewed positively by investors. The cost savings could improve Rivian's financial health and profitability outlook, while the earlier production start could lead to earlier revenue generation from the R2 model. Both factors are likely to contribute to a positive short-term impact on Rivian's stock price.
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