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Rivian CEO Says $45,000 R2 Option Is Coming Next Year

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April 22, 2026

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Rivian’s new R2 model has begun rolling off the manufacturing floor in Normal, Illinois, despite damage to the factory from a tornado over the weekend. The smaller, more affordable SUV is seen as crucial to driving profitability for the electric vehicle maker. Rivian CEO RJ Scaringe joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

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Normal IllinoisRivian CEO RJ ScaringeCaroline HydeEd LudlowBloomberg TechYouTube WatchSilicon ValleyFollow Caroline Hyde

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Rivian CEO Says $45,000 R2 Option Is Coming Next Year · Bloomberg Technology · Sentinel