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-0.000597716588314343 -0.0013431833445265 0 -0.00402955003357962 -0.00415043653458696 -0.0221625251846877 0.0124244459368704 0.00906648757555405
Stock impact report

Rivian is betting its future on one of the fastest EV launches in US history [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Rivian is planning one of the fastest launches of a new all-electric car in the U.S. with its forthcoming R2 SUV, according to company statements and a TechCrunch analysis of historical sales data. If Rivian is successful, it would prove a strong start for a product that founder and CEO RJ Scaringe has said is “maybe the most important thing we've launched to date.” It can't afford not to. Rivian's future — and chances at profitability — hinges on the success of the R2. If it struggles to ramp production and sales of the R2, shareholders could flee. At the very least, it would raise questions about the company's strategy of burning through billions now to prepare for mass-market scale Rivian told investors last month that it expects to sell between 20,000 and 25,000 R2s this year, with the first SUVs likely to head to customers in June once production begins. Even if Rivian hits the low end of that target, its sales rate will outpace every other comparable electric at or under Show less Read more
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