The immediate future of Rivian relies heavily on lower-cost electric vehicles than the R1S SUV and R1T truck of today. But, a more luxurious Rivian is on the horizon, a company spokesperson told Newsweek at The Quail, A Motorsports Gathering.

The new Rivian R2 SUV is coming to market later this year, expected to be priced to start at less than $50,000. The smaller R3 SUV will arrive after R2 and is expected to cost even less.

Clues about the future of Rivian's flagship models are hiding in plain sight. The company has released more powerful and pricier versions of the R1T (starting MSRP $70,990) and R1S ($76,990) since its debut. They now top out well over $110,000 when all the options boxes are checked.

At The Quail, the company showed the R1S Quad Pebble Beach, which was auctioned

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