Cybertruck Vs. R1T: EPA Data Reveals How Tesla's EV Pickup Pales In Comparison To Rivian's Offering
Portfolio Pulse from Shanthi Rexaline
EPA data reveals that Tesla, Inc.'s (NASDAQ:TSLA) Cybertruck has lower efficiency at higher speeds compared to Rivian Automotive, Inc.'s (NASDAQ:RIVN) R1T. The Cybertruck variants have a 122.4 kWh battery pack, while Rivian's Max Pack and Large Pack are 149 kWh and 135 kWh, respectively. Concerns over the Cybertruck's price and production ramp-up have been raised by analysts, with its high-end trims priced at $99,000 and $80,000, compared to Rivian's starting price of $73,000. Despite a positive outlook from Deepwater Asset Management's Gene Munster, he predicts only a marginal contribution to Tesla's growth until 2026. Tesla's stock closed up 0.49% at $243.84.
December 11, 2023 | 6:58 am
News sentiment analysis
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NEGATIVE IMPACT
Tesla's Cybertruck shows lower efficiency compared to Rivian's R1T, raising concerns about its competitive edge and impact on Tesla's future deliveries and sales.
The EPA data indicating lower efficiency for the Cybertruck compared to Rivian's R1T could negatively impact investor sentiment towards Tesla, especially considering the concerns over its higher price and production challenges. This may lead to a short-term negative impact on TSLA's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rivian's R1T is shown to be more efficient than Tesla's Cybertruck according to EPA data, which could positively influence Rivian's market perception and stock.
The favorable comparison of Rivian's R1T to Tesla's Cybertruck in terms of efficiency could enhance Rivian's competitive position in the EV market. This positive news may lead to a short-term increase in RIVN's stock price as investor confidence grows.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70