[shocker]

Base model truck now $79K for delivery in 2024.

 

[Fast911]

I just got the bad news, delivery window of a R1S is April/may 2022, just increased by $13,000. Bunch of folks are cancelling their reservations and are super mad and unhappy with rivian. I‘m still debating whether to cancel or not. It’s so close to the delivery window and It‘s so wrong of rivian to do this while they are so close to delivering their truck and SUV. Yes, the increase for everyone that does not have the Rivian vehicle at this time is between 15-20%.

 

[ChasingCoral]

They were always underpriced. This doesn't surprise me at all.

 

[FM_Jack]

I was just looking at the configurator, looks on par with the Lightning for a Dual Motor and somewhat similar pack.

 

[Super Duty]

I went to check twitter and the rivian forums today about the news and needless to say they're not happy. I mean I can't blame them I would be too if I woke up and my order got increased by $20,000 overnight.

https://media.giphy.com/media/l378m8mNCUdjA3Euk/giphy-downsized-large.gif

 

[ChasingCoral]

I was just looking at the configurator, looks on par with the Lightning for a Dual Motor and somewhat similar pack.

Variable height suspension? Pass-through gear tunnel. Lots of various added features.

 

[Fast911]

When you been waiting since nov 27,2018…it so depressing,frustrating, and angry, as why such a high increase. Rivian could have increase the cost by structuring the increase in percentage increments every 6 months….example..nov/dec 2018+4% increase, jan-June 2019+6% increase, July-dec 2019, 8% increase, and so on. It such a huge amount of increase all at once that it shocked most potential buyers and knocked a lot of them out of the rivian market. Such disappointment from a up and coming auto maker. Makes everyone think twice as what rivian is capable of.

 

[FM_Jack]

Variable height suspension? Pass-through gear tunnel. Lots of various added features.

That's why I said on par, cause just dual motor and battery pack, you can drop the price for the Lightning but if you go up the trim, you are getting things the Rivian doesn't have. Massage seats, power in the bed, or just the butt ton of outlets, the power frunk, work top surface. So just doing dual motor, 300+ pack, and the color I'd want the Rivian was ~81k and the Lariat is ~80k. Then I plopped on another 3-4k in additional options for the Rivian (some of which are already included in that 80k price for the Lariat). But then I remember, you can buy the charging station in addition and with the similar battery pack size, Ford is including that in the cost of theirs. A station that is more powerful and allows for bi-directional.

They are 2 vehicles with completely different focuses.

And I guess my main point in saying it is that at that price point, it is competitive. I don't see why it wouldn't go up by the time it is available, so lock it in now.

(Just noticed the R1S doesn't have the max pack available)

 

[ChasingCoral]

Fortunately, Rivian has backtracked on that increase for existing pre-order holders:

After backlash, Rivian (RIVN) backtracks on price hike in letter from Founder/CEO RJ Scaringe

Just two days ago, Rivian announced it would be either increasing the price of reservation holder vehicles $12,000+ or making reservation holders wait until 2024 at the earliest and giving them a smaller battery with a slower drivetrain and only two motors. Not the type of note Rivian...

electrek.co

 

[THEsocalledfan]

This had to be one of the dumbest moves I've ever seen. Good news is a precedent has been set that will probably help tie Fords hands for those of us pushed to MY2023. I hope they don't jack our prices....

 

[RDale]

Fortunately, Rivian has backtracked on that increase for existing pre-order holders:

After backlash, Rivian (RIVN) backtracks on price hike in letter from Founder/CEO RJ Scaringe

Just two days ago, Rivian announced it would be either increasing the price of reservation holder vehicles $12,000+ or making reservation holders wait until 2024 at the earliest and giving them a smaller battery with a slower drivetrain and only two motors. Not the type of note Rivian...

electrek.co

Well that escalated quickly. It looks like anyone who cancelled their order can re-order with the original pricing. That sounds like it's going to be such a mess to deal with.