Tesla Bull Gary Black Explains Why Rivian Will Likely Be Biggest Beneficiary Of Cybertruck Delivery Launch
Portfolio Pulse from Anan Ashraf
Gary Black, a Tesla investor, predicts Rivian will benefit from the Cybertruck's launch due to long wait times for Tesla's vehicle, driving interest towards Rivian's R1T, a closer competitor in the EV truck segment. Google Trends data shows a surge in searches for the R1T coinciding with Cybertruck deliveries. Tesla's Cybertruck, starting at $60,990, has over a million reservations, but full-scale delivery may not occur until 2025. In contrast, Rivian's R1T starts at $73,000 with delivery times of 4 months or less.

December 08, 2023 | 6:49 am
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NEGATIVE IMPACT
Tesla's Cybertruck has a long wait time, potentially delaying full-scale deliveries until 2025, which could drive customers to competitors like Rivian.
The long wait for Tesla's Cybertruck could lead to customer impatience and a shift towards available alternatives, potentially impacting Tesla's short-term sales and stock price negatively.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Ford's F150 Lightning also saw a surge in interest alongside Rivian's R1T, indicating potential benefits from the Cybertruck's launch, though to a lesser extent than Rivian.
While Ford's F150 Lightning experienced increased interest, the impact is less direct compared to Rivian, as the article suggests Rivian is the closest competitor to the Cybertruck.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Rivian is expected to benefit from the high demand and longer wait times for Tesla's Cybertruck, as it offers a more traditionally designed EV truck with shorter delivery times.
Rivian's R1T, with its traditional design and shorter delivery times, is well-positioned to capture the interest of potential Cybertruck customers, which could positively impact Rivian's sales and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80