Comparing Rivian to Tesla
Jun 16th 2022, 1:07 am
Interesting video taking a closer look at Rivian $RIVN vs Tesla $TSLA, specifically where Rivian is currently placed on it's journey to be a Tesla clone.
Rivian's manufacturing statistics are comparable to Tesla's in 2013, but back then Tesla dominated the EV industry, which meant it controlled the entire supply chain. Rivian's $17 billion cash hoard may buy the corporation some time, but it will not fix its supply issues.
Rivian's cars are now more costly than Tesla's Variant 3 and Model Y, so the company will need to introduce a more affordable version in the near future. If the electric van is a success, other large corporations such as UPS and FedEx may place orders, which would enhance Rivian's bottom line.