![]() ![]() All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. According to New Atlas, the Adventure Gear line includes a bed-mounted rooftop tent, slide-out kitchen, Snow Peak. This set of optional extras adds to the already incredibly capable electric truck. The Rivian R1T is now offered with the Adventure Gear line. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The Rivian R1T is the coolest electric pickup truck. Within about a day of driving the Rivian R1T even in unfinished pre-production form, as was the case on our cross-country, Trans-America Trail journeyI knew I simply had to have one. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. ![]() Your CNN account Log in to your CNN account Something of a Wall Street darling at its launch, Rivian went public nine months ago at $78 a share, one of the largest IPO’s ever, and briefly traded above $100. And in March, it rolled back price hikes on preordered vehicles after backlash from customers. It laid off 6% of its workforce last month, citing inflation, high interest rates, and rising commodity prices as factors. Rivian has a backlog of 100,000 orders, but hasn’t been short of controversy lately. “By focusing on the Adventure trim package, we’re able to streamline our supply chain and ultimately deliver vehicles more quickly,” Rivian said. The Adventure Package, which starts at $73,000, has a premium interior and Gear Guard remote monitoring system and security cables. The vehicles originally came with two packages – Adventure and Explore – and the “vast majority” chose Adventure.Ĭustomers who opted for the Explore package saved at least $5,500. ![]() Only a small percentage of customers chose the entry-level Explore configuration. Rivian lost $1.7 billion in three months. Shares of Rivian stock fell 13 percent after Ford, which currently owns as 11.4 percent stake in the electric car maker, is planning to sell 8 million of its 102 million shares. A Rivian electric pickup truck sits in a parking lot at a Rivian service center on in South San Francisco, California. ![]()
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