Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade

Rivian is offering an "All-electric Upgrade" promotion for owners of combustion vehicles who upgrade to an R1S or R1T electric vehicle

The R1T Tri has a single drive motor up front and the same rear dual-motor assembly as the quad-motor R1T. All Rivian motors are now oil-cooled for improved heat management during low-speed off-road maneuvers and for better efficiency on the highway. Both the front and rear motors are also built in-house on the same production line.

Rivian makes excellent electric trucks and SUVs, but it’s not great at actually making money on them yet — the company loses tens of thousands of dollars on every EV it gets out the door. To rectify those financial woes,