Rivian Sees Huge Growth in California as R1S and R1T Gain Popularity as Tesla Alternatives
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Rivian saw explosive 156% growth in California in Q2 2022 with over 2,200 vehicle registrations, up from 870 in Q1.
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The Rivian R1S SUV was the company's hottest seller in California in the first half of 2022.
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Rivian emerged as a popular Tesla alternative, with the R1S and R1T topping consideration lists.
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The brand became the off-road capable EV of choice in recreation areas like Lake Tahoe.
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Rivian stock saw a bullish call by Baird analyst citing supply chain improvements and in-house components.