00:00It's Benzinga bringing Wall Street to Main Street!
00:02Rivian Automotive is looking beyond its recently-launched R2 electric vehicle as CEO R.J.
00:08Skaringe discusses plans for the upcoming R3 and R4.
00:11Skaringe told The New York Times that the R3 will move pricing materially lower, while
00:16Electrek reported that the R4 will push prices down further.
00:19The R3 has no release date, but is expected to be built at Rivian's Georgia facility,
00:24likely in 2028 or later.
00:26Rivian's first R2 performance model is priced at $57,990, with lower-priced versions planned.
00:34Skaringe previously said in 2024 that the R3 would cost in the mid to high 30s.
00:39Shares closed Wednesday down 0.8% at $15.02 and are down 22.6% in 2026.
00:47For all things money, visit Benzinga.com.
