Editorial

Most states only tax the difference when you trade a car in. Four tax you on the full price no matter what your trade is worth. Here's how all 50 states plus DC handle it.

The 2027 model year R1 is probably going to be a light refresh while Rivian keeps its head down on R2, so I'm looking past it to the next-generation R1 expected around summer 2027. Here's my full wishlist, from captain's chairs and the R2 LiDAR system to 800V, vehicle to home charging, and a battery that stops thermal limiting the second things heat up.

The House wants EV owners paying $130 a year to the feds, and after running it against what gas drivers actually put into the Highway Trust Fund, the number is more defensible than the reaction. The real problem isn't the size of the fee, it's that they made it flat, so the person babying their R1S around town pays exactly the same as the one stacking 25,000 miles a year.

The R2 configurator is live and you can finally price one out, but the only trim you can build is the $57,990 Performance, and the roughly $45,000 R2 we were all sold on is nowhere on the page yet. Add in colors that mostly cost extra and a Performance that lands dollar for dollar with a Model Y Performance, and the attainable Rivian still feels like a future-tense thing.

R2 production officially started in April, Q1 came in ahead of estimates with a third straight quarter of positive gross profit, deliveries grew 20 percent year over year, and Volkswagen raised its stake to 15.9 percent. RIVN is down 31 percent on the year anyway. The gap between what Rivian is doing and what the market is pricing in has rarely been this wide.

Rivian's AI-defined vehicle framing sounded like marketing theater when Chief Software Officer Wassym Bensaid first dropped it on stage at Autonomy and AI Day back in December. Five months later, with Rivian Assistant actually shipping and a wider AI strategy coming into focus across voice, autonomy, and the Volkswagen joint venture, it's a lot harder to write off as buzzword theater.

Customer R2 deliveries are about to start, and the next 30 days are going to tell us more about where Rivian is actually headed than anything that's been pitched on a stage in the past year. The marketing is done, production is rolling, and the story is about to shift from pricing and trims to what real ownership actually looks like. I've got an R2 coming too, so I'll be sharing the full experience here as it unfolds.

Rivian's RAP1 chip and Gen 3 Autonomy Computer aren't just spec bumps. They're the moment Rivian stops renting compute from someone else and starts owning the whole stack, the same way Apple did when it walked away from Intel and built its own silicon.

RJ Scaringe’s headline $403 million pay package isn’t actually money in his pocket. Most of it is grant-date fair value on stock options that only pay out if Rivian’s stock more than doubles, the company hits real profitability targets, and he stays CEO long enough to see it through. The cash he actually took home in 2025 looks more like $25 million, and most of that came from selling existing shares back to the Also spinout.​​​​​​​​​​​​​​​​