Rivian's R2 Is Already Built to Fail

By Travis Hoium – May 9, 2024 at 6:30AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$10B

Today's Change

(3.65%) $0.37

Current Price

$10.50

Price as of May 17, 2024, 4:00 p.m. ET

R2 is too expensive even two years before launch.

Customers are no longer paying a big premium for electric vehicles, and that doesn't bode well for Rivian's (RIVN 3.65%) R2, which is expected to cost $45,000 when it launches in 2026. Travis Hoium covers the specs and the competition in this video.

*Stock prices used were end-of-day prices of April 7, 2024. The video was published on May 8, 2024.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.