Rivian's price hike leads to a shareholder lawsuit
has reported. The action alleges that Rivian failed to disclose that it would hike the base price of its vehicles by around $12,000, nor the potential damages that would cause. An individual shareholder brought the complaint, but is seeking class-action status.
On March 1st, Rivian unveiled the higher pricing that applied to everyone except those who placed the earliest orders, including most reservation holders. The company did give potential buyers another option, as it also introduced dual-motor versions of the R1T and R1S EVs, with both starting at the original $67,500 and $72,500 prices.
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