I’ll admit, I was too distracted by Rivian’s surprise announcement of a $5 billion deal with Volkswagen to develop software and electric vehicles to notice that the buzzy California company was also planning an investor day event on June 27th.
So when I woke up on Wednesday to see this shareholder letter — thanks to InsideEVs with an assist from BloombergNEF’s Corey Cantor on Threads — I was pretty surprised to see Rivian was essentially taking a page from Tesla by teasing us with some shroud-covered mystery vehicles.
It’s already been a pretty jam-packed 2024 for Rivian: the introduction of the more affordable R2, starting at $45,000; the surprise reveal of the R3 and R3X, which briefly broke...
