Rivian reportedly eliminates less-expensive version of its electric pickup

Electric-vehicle maker Rivian is reportedly discontinuing the lowest-priced option for its R1T pickup truck, effectively raising the entry price by about $5,500.

Electric-vehicle maker Rivian Automotive Inc. is reportedly discontinuing the lowest-priced option for its R1T pickup truck, effectively raising the entry price by about $5,500.

The Verge first reported the move Thursday, and Rivian RIVN, -1.43% reportedly confirmed it with both The Verge and Bloomberg News. A MarketWatch email to Rivian seeking confirmation was not immediately returned late Thursday. According to the letter, customers who cancel by Sept. 16 will get a full refund on their pre-order deposit.

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