Rivian apologizes for ‘broken trust’ and axes preorder price increases that hit as much as $20K

Rivian apologizes for ‘broken trust’ and axes preorder price increases that hit as much as $20K

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This week, Rivian updated the terms estimates for its R1T electrical pickup and R1S electrical SUV, informing radical that they could outgo arsenic overmuch arsenic $20,000 much than the archetypal quotes, depending connected the bundle they’d ordered. Fans who enactment down $1,000 to get successful enactment for trucks years earlier they were built were outraged by the change, which Rivian attributed to inflationary unit and proviso concatenation problems.

Today, Rivian CEO RJ Scaringe wrote customers, informing them that the institution volition reverse people and grant the “original configured price” for each preorders placed anterior to March 1st.

For anyone with a Rivian preorder arsenic of the March 1 pricing announcement, your archetypal configured terms volition beryllium honored. If you canceled your preorder connected oregon aft March 1 and would similar to reinstate it, we volition reconstruct your archetypal configuration, pricing and transportation timing. Our squad volition beryllium sending an email successful the adjacent fewer days with much details.

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