Rivian stock falls as R2 SUV deliveries begin, June 2026
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Rivian starts deliveries of its all-important R2 SUV
Founder and CEO RJ Scaringe has called it "maybe the most important thing we've launched to date.
Rivian is betting on its R2 EV to turn the automaker into a household name like Tesla
The R2 SUV is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles into a more mainstream brand like U. S. EV leader Tesla.