Overview

• Rivian is set to unveil the R2, a more affordable electric SUV aimed at achieving mass-market success, priced around the average new car in America.
• The R2's compatibility with Tesla's Supercharger network without an adapter could be a game-changer for Rivian.
• Rivian faces significant challenges, including a cash crunch and the need to significantly increase production to survive.
• The company reported a net loss of $5.4 billion last year and has undergone multiple rounds of layoffs.
• Rivian's future depends on the success of the R2, with production not expected to start until 2026.