Electric vehicle manufacturer Rivian has cancelled the entry level version of its R1T electric truck, effectively raising the price of what is now the base model by over $6,000. The company said in an email to customers that it was canceling the base “Explore” model, which started at $67,500, in favor of the $73,000 “Adventure” trim. Customers can either upgrade to the more expensive trim level or cancel their orders, the company advised. Rivian has also discontinued the less expensive trim for its R1S electric SUV, which is expected to start shipping to customers later this year. If customers choose to upgrade to the Adventure model, the price increase will be determined by when they originally placed their order. Rivian has been facing some financial difficulties, laying off 6 percent of its employees in July and had reported a net loss of $1.71 billion for Q2 2022.


For more: https://www.theverge.com/2022/8/18/23312081/rivian-r1t-r1s-price-increase-explore-package-discontinued

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