Rivian Gets R2 Update as Wall Street Keeps Cautious Tone
Rivian shares fell 5.03% Friday to $13.79 on heavy volume, closing about 3% below the previous week. The company launched its R2 SUV configurator May 15, with the Performance trim priced at $57,990. Tesla raised the Model Y Performance price to match Rivian’s R2 Performance. Broader market declines weighed on small-cap and tech stocks.