Rivian Automotive Inc is trading 4.05% down at $16.00 following reports of high leasing costs for its newly launched R2 model.
- The starting monthly lease price for the R2 is approximately $829, which has reportedly deterred some potential customers.
- This comes amidst the company's efforts to transition into a mainstream automaker, with the R2 being a pivotal model for broader market penetration.
- Separately, Rivian announced a partnership with ChargeScape to enhance EV charging benefits for its owners.