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Rivian's R2 Is Already Built to Fail

R2 is too expensive even two years before launch.

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

Customers are no longer paying a big premium for electric vehicles, and that doesn't bode well for Rivian's (RIVN 1.83%) 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.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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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.

Stocks Mentioned

Rivian Automotive Stock Quote
Rivian Automotive
NASDAQ: RIVN
$14.49
(-1.90%)-$0.28
Ford Motor Company Stock Quote
Ford Motor Company
NYSE: F
$11.20
(-1.54%)-$0.18
General Motors Stock Quote
General Motors
NYSE: GM
$72.60
(-0.52%)-$0.38
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$355.25
(-1.82%)-$6.58

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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