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.
Rivian plans to introduce supervised point-to-point autonomous driving later this year on its second-generation vehicles. The feature aims to match capabilities similar to those offered by Tesla.
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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.