Rivian stock rebounded Thursday morning following the news that reservations for its electric trucks have been increasing, despite recent price hikes and production issues.CEO RJ Scaringe reported on Rivian’s first-quarter earnings call Wednesday that the company had received 10,000 new reservations in the U.S. and Canada since raising base prices by $12,000 and more across the lineup of R1T and R1S pickups and SUVs on March 1.The average price for the additional vehicles reserved was $93,000 and Scaringe said it currently has a total of over 90,000 reservations.
Load More
Load More