Rivian Closing The Gap With Tesla In Premium EV Market: What Data Reveals
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc. (RIVN) is closing the gap with Tesla Inc. (TSLA) in the premium EV market. By the end of Q3, Rivian had delivered 15,564 vehicles, coming close to Tesla’s 15,985 Model S and X vehicle deliveries worldwide. Despite Tesla CEO Elon Musk's prediction of Rivian's bankruptcy, Rivian is now aiming to post its first gross profit in 2024.
October 09, 2023 | 9:46 am
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NEUTRAL IMPACT
Rivian is closing the gap with Tesla in the premium EV market. Tesla delivered 15,985 Model S and X vehicles worldwide by the end of Q3.
While Rivian is closing the gap, Tesla still leads in the premium EV market. However, the competition is increasing.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Rivian is closing the gap with Tesla in the premium EV market, aiming to post its first gross profit in 2024.
Rivian's increasing delivery numbers and its aim to post its first gross profit in 2024 indicate a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100