R1 Owners Rejoice: Rivian Grants You Priority Access For Second-Gen EV
Portfolio Pulse from Anan Ashraf
Rivian Automotive (NASDAQ:RIVN) announced that existing Rivian customers will receive priority delivery for its second-generation EV, the R2, expected in 2026. The R2 SUV, unveiled earlier this month, is priced around $45,000, aiming to compete with Tesla's Model Y. Rivian's R1 models, catering to the higher end of the EV market, start at $69,900 and $74,900. The company has received over 68,000 reservations for the R2 in less than a day, indicating strong demand.
March 20, 2024 | 7:34 am
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Rivian's announcement of priority delivery for existing customers for the R2 model in 2026 and the strong demand indicated by over 68,000 reservations could positively impact investor sentiment.
The announcement of priority delivery for existing customers and the significant number of reservations for the R2 model demonstrate strong market demand and customer loyalty, which are positive indicators for Rivian's future sales and could lead to increased investor confidence in the company's growth prospects.
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