In the world of electric vehicles, there's Tesla and then there's everyone else. For years, no one has come close to matching its scale, technology, and sheer market power. But a serious contender is finally stepping into the ring.
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🥊 This Week's Contenders
On one side, you have the undisputed heavyweight champion, Tesla ( TSLA 0.00%↑ ). It ships nearly two million cars a year, pulls in almost $100 billion in revenue, and sits on a mountain of cash. It's the standard by which all other EVs are measured.
On the other side is the challenger, Rivian ( RIVN 0.00%↑ ). It's a much smaller company, a pure-play EV maker that has fought tooth and nail to get its trucks on the road. It’s still losing money, but it just hit its first-ever quarter of gross profitability and recently secured a massive capital injection from Volkswagen.
The question is simple: Is Rivian's recent momentum and new war chest enough to make it a credible long-term threat to Tesla's throne?