Friday, March 20

Rivian (RIVN) to start R2 Deliveries with $58,000 Launch Edition this Spring


Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the 10 Best Auto Manufacturer Stocks to Buy According to Analysts. On March 12, 2026, Reuters reported that Rivian Automotive, Inc. (NASDAQ:RIVN) will begin R2 SUV deliveries this spring, with a $57,990 dual-motor Performance variant delivering 656 horsepower and approximately 330 miles of range. The corporation also anticipates releasing a $53,990 Premium trim later this year, a $48,490 rear-wheel-drive Standard edition during the first half of 2027, and a $45,000 model with over 275 miles of range by late 2027. The firm’s shares fell roughly 4% as the company attempts to compete with Tesla’s Model Y and increase its client base.

Rivian Automotive, Inc. (NASDAQ:RIVN) forecasts R2 sales to fuel a 53% rise in deliveries this year to 62,000-67,000 vehicles, or approximately 23,000 R2 units, while placing the model as its key volume driver by 2027. Analysts identified policy risks such as tariffs, tax credit withdrawal, and pricing pressure, with Barclays forecasting 16,500 R2 deliveries. The company will manufacture the R2 in Illinois before expanding to Georgia by 2028.

Rivian (RIVN) to start R2 Deliveries with $58,000 Launch Edition this Spring
Rivian (RIVN) to start R2 Deliveries with $58,000 Launch Edition this Spring

Rivian Automotive, Inc. (NASDAQ:RIVN) designs, develops, and manufactures category-defining electric vehicles and accessories. It operates in the following categories: automotive, software, and services.

While we acknowledge the potential of RIVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *