Rivian To Introduce In-Vehicle Hotspot, Google Cast & YouTube With Connect+ This Summer
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) has announced Connect+, a new set of connectivity features for its vehicles, including in-vehicle hotspot, Google Cast, and YouTube. The service will be available later this summer with a two-month free trial, followed by a monthly fee. This comes alongside the launch of Rivian's second-generation R1 vehicles and plans for a cheaper R2 model in 2026.
June 11, 2024 | 9:26 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rivian's introduction of Connect+ and the launch of its second-generation R1 vehicles could boost customer interest and sales, potentially driving the stock price up in the short term.
The introduction of new connectivity features and the launch of updated vehicle models are likely to attract more customers and enhance user experience, which can positively impact Rivian's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100