Rivian Starts Production of Affordable R2 SUV – Deliveries Begin This Spring
Priced from $45,000, the R2 aims to boost demand and drive Rivian toward profitability against Tesla’s Model Y.
Priced from $45,000, the R2 aims to boost demand and drive Rivian toward profitability against Tesla’s Model Y.
Uber is investing $10B in self-driving cars and robotaxis, shifting from not owning cars to owning fleets to stay competitive.
Rivian beat Q1 delivery forecasts, demand is stabilizing, and a cheaper R2 model plus an Uber deal could boost future growth.
Uber commits up to $1.25B in Rivian to deploy 10,000+ autonomous R2 robotaxis starting 2028 in SF & Miami (first phase), expanding to 25 cities by 2031. Exclusive on Uber app.
Lucid steps up competition against Tesla by unveiling a two-seater robotaxi concept called Lunar (no steering wheel!) and a flexible self-driving subscription. Meanwhile, Rivian reveals higher launch pricing for its R2 SUV.
TD Cowen upgrades Rivian to Buy from Hold with $20 price target after strong R2 demand analysis (212K-335K units). Bullish ahead of March 12 reveal as shares dip 20% YTD.