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In March 2022, Rivian announced the price of the R1S would increase by 20%, jumping to $84,500 from $70,000 for the base model. [ 14 ] [ 40 ] After receiving negative feedback, Rivian honored the original prices for pre-orders made before the price increase.
Rivian has raised the original $67,500 base price of its quad-motor R1T electric pickup with large battery packs to $79,500. Rivian has raised the original $67,500 base price of its quad-motor R1T ...
In March 2022, Rivian announced it would develop and sell a dual-motor powertrain for the R1T, with one electric motor for each axle. The price of the dual-motor (DM) version would start around the same initial price at which the quad-motor (QM) version was offered, while the QM version would increase in price by almost 20%.
At the beginning of May 2022 the stock price fell further, closing at an all-time low of $22.78 on May 9, 2022, the decline from the peak in November 2021 being nearly 85 percent. [152] Rivian's stock price recovered significantly through the first half of 2023, reaching a period high of $28.06 on July 27, 2023.
Existing reservation holders and would-be customers of the electric pickup and SUV are not spared as the quad-motor versions jump by $10,000 or more.
Truist Securities analyst Jordan Levy maintained a Hold on Rivian Automotive with a price target of $12. ... Mar 2022. Wedbush. Maintains. Outperform. Mar 2022. Wells Fargo. Maintains. Equal-Weight.