The big news at Rivian is higher prices.
The electric vehicle startup announced price hikes last week of $12,000 and up on its R1T pickup and R1S SUV. Initially, those increases applied to current reservation holders, but that was later walked back by CEO RJ Scaringe.
But with higher prices in place for new orders, Rivian is adding configurations that can make the vehicles less expensive by reducing the number of motors and the battery size.