Rivian stock has surged as deliveries jumped and as analysts chimed in with upgrades. But Rivian’s breakthrough vehicle won’t arrive until the R2.
The next-generation R2, hitting the market by 2026 (and slated to be shown in early 2024), is expected to be a compact SUV priced at between between $40,000 and $60,000, much less expensive than its current products, which start at over $70,000. A pickup version is also expected.
Like Rivian’s current R1T truck and R1S SUV, the R2 will be off-road-capable (via Car and Driver).
In a recent Bloomberg interview, Rivian CEO RJ Scaringe brought up the R2 again and again —
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