What Rivian’s $86 Billion Valuation Means for the 2022 Rivian R1T
Rivian had a historic initial public offering. The electric vehicle company is worth billions of dollars. Here’s what that means for the 2022 Rivian R1T.
The 2022 Rivian R1T: Too big to fail?
Rivian is an American electric vehicle startup that has only existed since 2009. So how did a company that’s less than two decades old manage to secure an investment from Amazon and Ford Motor Company? Its current valuation after the company’s IPO is perhaps even more impressive. According to CNBC, the company is currently valued at $86 billion.
Rivian’s IPO is historic because the company has a higher valuation than many other automakers. Its IPO is already higher than Ford’s despite it being a newer company. Such a high valuation, as well as investments from Ford and Amazon, mean the company can operate at a loss without worrying about bankruptcy for quite some time.
Rivan has the financial support to churn out plenty of electric vehicles and that’s exactly what the company plans to do. It will produce hundreds of thousands of EVs in the years to come. The Rivian R1T may be new to the automotive market, but after less than a few hundred models produced, it seems the electric truck is here to stay.
The 2022 Rivian R1T is the first electric truck on the market
The 2022 Rivian R1T will go down in history as the first electric pickup truck to be mass-produced and sold in the United States of America. Ironically, the majority of drivers who have received their R1T electric trucks are Rivian employees. The R1T won’t be delivered to the average consumer until 2022, but based on footage of the truck, it is well worth the wait.
The electric truck has unique capabilities and is insanely powerful. It even took on Hell’s Gate in Moab. The R1T is the ultimate electric adventure truck.
The electric pickup makes a mind-blowing 800 horsepower. The Launch Edition model gets 300 miles of range but Rivian does have extended range battery pack options that get 400 miles of range.
Should you buy a 2022 Rivian R1T electric pickup truck?
The 2022 Rivian R1T Launch Edition starts at $74,145. It is much too expensive for the average consumer. Today, popular full-size pickup trucks start much closer to $30,000 and top out around $60,000.
The R1T is an electric adventure truck designed for outdoor adventurers who regularly explore the great outdoors. If you aren’t willing to spend at least $69,000 on a truck, the Rivian R1T is probably a pass. It is an amazingly capable truck for the select few that get to experience it.