Rivian
Rivian announces R2 electric SUV with base price of $45,000
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Rivian has revealed details of its upcoming R2 mid-size electric SUV, positioning it as a more affordable alternative to its R1 models and a competitor to the Tesla Model Y. The vehicle will launch with higher trims this year, while the entry-level Standard model arrives in late 2027 starting at $45,000. Key features include varying power outputs and ranges up to 345 miles.
Lucid Group and Rivian Automotive stocks rose sharply on March 9, 2026, amid surging oil prices, while Tesla shares barely advanced. The gains for Lucid and Rivian reflect increased appeal of electric vehicles as fuel costs climb due to Middle East tensions. Tesla faced pressure from a federal probe into its Full Self-Driving system and competition from BYD.
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Rivian has unveiled details of its upcoming R2 electric SUV, priced starting at $45,000, featuring advanced AI capabilities like Universal Hands-Free to compete with Tesla's Full Self-Driving. The R2 offers over 300 miles of range and strong off-road performance, positioning it as a more versatile alternative to the Tesla Model Y. Production is set to begin in 2026, with a full reveal on March 12.