Rivian started emailing delivery dates to some electric pickup and SUV reservation holders, who said their cars are estimated to arrive sometime from March through September of next year. The estimates are specifically for the Launch Edition models of the R1T pickups and R1S SUVs.
- Reports called it a "milestone" for a company that has yet to deliver on any vehicles following its massive IPO on Nov. 10.
- The company will follow Launch Edition deliveries with those of its standard trucks and SUVs, though it hasn't announced dates yet.
- Last week, Ford and Rivian announced that they canceled plans to develop an EV, citing a need to focus on their own projects and deliveries. Ford still holds a 12% stake in Rivian.
- The electric vehicle company began trading on the New York Stock exchange earlier this month, surpassing the valuations of GM, Ford, and Lucid Group. As of today, its market cap is $97.3B.