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Rivian has already received 68,000 reservations for the R2

Each reservation is fully refundable, of course.

Also, Rivian doesn’t necessarily get to transfer the $6.8 million it received in reservation cash directly to its bank account. According to the company’s terms of service, the money “will be held by Rivian in a separate account designated solely for Preorders and released for application towards the final sales price of Your Selected Vehicle when you execute the Final Sales Agreement.” The company moved the date from the end of 2026 after putting its $5 billion factory in Georgia on pause.

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