RJ Scaringe told The New York Times that R3 will land "materially lower" in price than R2, and that R4 will push prices down even further. There's no pricing or timeline yet, but it's the clearest look so far at where Rivian's lineup is headed.
Claire McDonough is leaving Rivian after nearly six years, with her final day set for October 30, 2026. Derek Mulvey, currently VP of Finance, is expected to step in as interim CFO while Rivian searches internally and externally for a permanent replacement. Here is what the timing means heading into the R2 ramp.
Rivian released site plans and renderings for its $5 billion Georgia plant, showing an industrial core wrapped in roughly 1,000 acres of preserved woodland with a museum, walking trails, eco-cabins, campsites and an off-road test track. Buildings go vertical in 2027 with customer vehicle production targeted for 2028.
Rivian posted $1.658 billion in Q2 revenue with only three weeks of R2 deliveries in the mix, raised full year guidance again, and put a $100 million price tag on the early R2 ramp.
Rivian has filed suit in the U.S. Court of International Trade seeking a full refund of the tariffs it paid under duties the Supreme Court later ruled unconstitutional. The company says the ruling alone does not guarantee importers get their money back.
California's new $3,500 instant EV rebate has a $50,000 price cap, and Rivian is written straight out of it. Here is what that means for R2 buyers, and why existing owners are shut out.
R2 deliveries have started. Rivian moved 12,194 vehicles in Q2, beat its outlook, and bumped its full year guidance up on the strength of it.
Rivian confirmed Tuesday it is cutting hundreds of jobs, less than 2% of its workforce, across its service and customer teams. The reductions land just one week after R2 deliveries began, with reporting putting this round at more than 300 people.
Volkswagen just raised its Rivian stake to 15.9% after another round of share purchases tied to the joint venture's milestone-based structure, putting VW closer than ever to being one of Rivian's most influential outside stakeholders.
Rivian's Georgia plant just got a real revision. Phase one capacity is going from 200,000 vehicles a year to 300,000, a 50% jump. The DOE loan also got smaller, from up to $6.6 billion down to up to $4.5 billion. Production is still on track for late 2028, and Rivian now expects to start drawing on the loan by early 2027.
