R2, SUV and Canada
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$46,495 entry model arrives next year; 656-horsepower Performance trim starts from $59,485 including destination.
Rivian debuted a second model, the off-road-friendly R2. The EV will launch this spring and has a dual-motor powertrain that makes 656 hp.
Lucid Group (NASDAQ:LCID) stock and Rivian Automotive (NASDAQ:RIVN) stock are jumping sharply today while Tesla (NASDAQ:TSLA) lags behind. Tesla shares are weighed down by a new federal probe into its Full Self-Driving (FSD) system and intensifying competition from Chinese electric vehicle (EV) manufacturer BYD (OTC:BYDDY).
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The 2027 Rivian R2 is the Cheapest (New) Way Into 650 Horsepower
Rivian's new model picks up a surprising performance superlative: the only new vehicle to offer over 650 horsepower under $60,000.