Rivian Down 16% In March As CEO Scaringe Bets The Company On A Tesla Model Y Killer - Rivian Automotive (NASDAQ:RIVN)
Published on March 13, 2026.
Rivian Automotive Inc. (NASDAQ:RIVN) saw a 16% drop in March as CEO Scaringe bettered the company's R2 SUV launch at $57,990, nearly $13,000 above the $45,000 entry price advertised. The cheaper version will be pushed to late 2027. This move aligns with Tesla's Model Y, which sold nearly 360,000 units in the US in 2025. However, investors are sceptical about the broader EV picture. The company's deliveries in 2025 fell 18% to 42,247 vehicles, and the $7,500 federal EV tax credit is dead.
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