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Rivian Is Down 5% — Did the R2 Reveal Disappoint Wall Street?

  • Rivian announced in its release that the R2 lineup includes a $45,000 base model and a Performance trim with 656 horsepower.
  • To lower costs, Rivian trimmed features and used a 400-volt architecture, but the R2 Standard’s range lags behind Tesla Model Y and Hyundai Ioniq 5 rivals.
  • Meanwhile, the R2 Performance debuts at $57,990 with 656 hp and 609 lb‑ft, capable of 0-60 mph in 3.6 seconds, and the Premium starts at $53,990 with 450 hp.
  • Rivian management guided for 62,000–67,000 2026 deliveries, while RIVN shares fell about 5% today, sliding below $16 during the R2 reveal.
  • Looking ahead, Rivian positions the R2 as a software‑defined vehicle with zonal electrical architecture and OTA updates, offers Autonomy+ subscription , and shifts production to Normal, Illinois after Georgia delay to 2028.
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The Motley Fool broke the news in Alexandria, United States on Thursday, March 12, 2026.
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