Tesla Rolls Out the Cybertruck. Is Rivian Finished?
In the electric vehicle (EV) world, a truck is one of the last models to come to market. Rivian (NASDAQ: RIVN) beat everyone to the punch with its R1T and R1S models, but General Motors and Ford Motor soon followed suit with their launches.
EV leader Tesla (NASDAQ: TSLA) has long talked about its Cybertruck EV, but had yet to roll one off the production line. However, the first Cybertruck EV rolled off the production line in mid-July, signaling that years of delays are finally over.
With the Cybertruck nearing mass delivery, is Rivian finished? Or can the company survive in an increasingly crowded environment?
Source Fool.com
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