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Rivian Discounts Inventory in US, Canada to Remain Competitive Amid Tesla's Growing Shadow

Benzinga LogoBenzinga1 mo ago

 Rivian Discounts Inventory in US, Canada to Remain Competitive Amid Tesla's Growing Shadow - Benzinga

Quick Summary:

Key US Price Reductions: R1S: Quad-Motor upgrade: $6,000 (down from $8,000), Large battery: $7,100 (down from $9,100), Max battery: $15,100 (down from $19,100).

California-based EV maker Rivian Automotive, Inc. (NASDAQ:RIVN) is reducing prices on existing inventory in the United States and Canada to compete in the increasingly heated electric vehicle market.

Focus On Upgraded Features: Importantly, the discounts target optional upgrades like the drive system and battery pack, not the base price of the vehicle, Drive Tesla reported.


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 Rivian Discounts Inventory in US, Canada to Remain Competitive Amid Tesla's Growing Shadow - Benzinga (Picture 1)

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-27 @ 06:36:53 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 257 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21101103

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 28 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://beamstart.com/news/teslas-shadow-looms-rivian-discounts-1716792128918

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