Rivian Rises Ahead of R2 Launch on AT&T 5G Network Deal
Rivian shares jumped 2.7% to $17.75 after announcing AT&T 5G connectivity for its upcoming R2 SUV, set to open for orders June 9; the R2 targets a wider market with a $57,990 starting price and 330-mile range, positioning Rivian against Tesla’s Model Y as analysts reiterate Buy ratings despite ongoing losses and production risks.