Rivian R1T high-end four-engine delayed until 2024

Reservation holders can also re-specify their quad-motor order with the big pack or cancel their reservation. Rivian says it intends to update customers every three months with estimated delivery times.

Alongside the four-motor Max pack configuration, Rivian also plans to release an entry-level Standard battery model in 2024. With a capacity of 105 kWh, the Standard battery is rated for 260 miles of range and n Comes only with the dual motor set up. The timeframe may not be optimal, but it could give Rivian buyers new choices — Max and Standard — to compete with Tesla’s Cybertruck, which is expected to roll out around the same time.

bumps in the road

The delay is the latest in a string of bad news for the brand, including a price hike in March that bumped the price of a four-motor R1T by $12,000 to $79,500 ahead of destination. undisclosed and handling charges. Rivian cited higher component prices, but outraged reservation holders forced the company to limit the hike to orders placed after the announcement. The company eventually changed its mind, and prices for orders placed before the price hike were rolled back to their original numbers.

In August, Rivian slashed its profit forecast, announcing it expected to lose nearly $5.5 billion this year, and in October a recall for a faulty steering component sent the stock price plummeting. action of the company. Analysts don’t expect lasting damage from the recall, but it’s one of many setbacks on Rivian’s road to legitimacy.

Closer to home, our own struggles with the RT1 included the aforementioned steering recall (repaired quickly by a Rivian mobile technician) and a snafu with the drive rod that accidentally caused one of our drivers to go into focus dead after just 200 milliseconds of pressure. of the gear selector rod.

About Frances R. Smith

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