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Rivian Starts Taking Pickup Orders, With Pricing That Tops Tesla Cybertruck

Rivian Starts Taking Pickup Orders, With Pricing That Tops Tesla Cybertruck

Rivian has started taking preorders for three models of its electric pickup truck including a launch version of its RIT and RIS models.

What Happened: The, Inc (NASDAQ: AMZN)-backed automaker’s special release launch versions will be available for delivery by the summer of next year and cost $75,000 for the R1T model and $77,500 for the R1S model. Both variants have a 300+ mile range.

The price range for Explorer configuration vehicles starts at $67,500 and tops out at $77,500 for the Adventurer configuration. 

At launch, all vehicles will come with 300+ mile packs but Rivian said a 400+ mile pack R1T will be available beginning January 2022. Lower priced 250+ mile range R1T and R1S are also expected at that time.

Non-launch edition deliveries are expected to begin in January 2022.

Why It Matters: The exact pricing for Rivian’s 250+ mile base model isn't yet known but it will be below $67,500.

Rivian’s pricing of the vehicles slightly tops those of similar offerings from rival Tesla Inc (NASDAQ: TSLA).

The single motor rear-wheel-drive Tesla Cybertruck, with a range of 250+ miles is priced at $39,900, while the Tri-Motor all-wheel-drive model, with a 500+ mile range is priced at $69,900. Adding full-self driving to the Cybertruck costs an additional $10,000.

Ford Motor Company’s (NYSE: F) all-electric F-150 truck will add to the mix of electric trucks available in 2022.

Photo courtesy of Rivian




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