Key Points
Rivian (NASDAQ: RIVN) launched its R2 SUV in the U.S. on June 9. This new model, starting at $57,990, aims to expand Rivian’s market appeal, especially as it plans to introduce a more affordable version by 2027 with a starting price around $45,000.
The company’s annual vehicle deliveries are projected to increase to between 62,000-67,000 this year, a significant recovery from prior production constraints. Rivian expects revenue to more than triple from 2025 to 2028, potentially stabilizing its stock, which currently trades roughly 80% below its IPO price of $78.
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