Rivian Kicks Off Months-Long Promotional Roadshow With Upcoming R2 SUV, R3X Crossover
Portfolio Pulse from Anan Ashraf
Rivian Automotive (NASDAQ:RIVN) has announced a promotional roadshow for its upcoming R2 SUV and R3X crossover, starting from Pasadena and traveling to various cities until February next year. The R2 is a smaller, more affordable version of the R1S SUV, with production expected in early 2026. The R3X is a performance variant of the R3 crossover, which will be priced lower than the R2. Rivian aims to expand its market with these new, cheaper EVs. Despite a Q2 loss, the company expects positive gross profit by Q4 2024 and for the full year 2025.
August 09, 2024 | 12:36 pm
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Rivian's promotional roadshow for the R2 SUV and R3X crossover aims to expand its market with more affordable EVs. Despite a Q2 loss, the company expects positive gross profit by Q4 2024.
The roadshow and introduction of more affordable EVs like the R2 and R3X are likely to generate positive investor sentiment. Despite the recent Q2 loss, the company's expectation of positive gross profit by Q4 2024 provides a positive outlook.
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