Rivian Wins Race to First EV Pickup Beating Tesla, GM, and Ford
- Wall Street slips on tech losses, tax uncertainty weighs
- Invesco (IVZ) Reportedly in Talks to Merge With State Street's (STT) Asset Management Business, Citi Sees More Cons than Pros
- Jefferies Raises Price Targets on Alphabet (GOOGL) and Facebook (FB) as They Are Still Inexpensive Relative to Growth, Reiterates Snap (SNAP) as a Best Growth Idea
- Tesla (TSLA) Could Deliver 900K EV Units This Year and 1.3M in 2022 - Wedbush
- Dollar hits three-week high, boosted by recent upbeat data, Fed taper view
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
EV start-up, Rivian announced Tuesday that the company has brought the first electric pickup truck to the consumer market, beating Tesla (NASDAQ: TSLA), General Motors (NYSE: GM), Ford (NYSE: F), and others.
Rivian founder and CEO RJ Scaringe on Tuesday tweeted that the company’s first R1T pickup for a customer drove off the assembly line this morning at its plant in Normal, Ill.
“After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line in Normal! Our team’s collective efforts have made this moment possible,” he said. “Can’t wait to get these into the hands of our customers!”
A Rivian spokeswoman confirmed to CNBC that the vehicles being produced are saleable. The company is expected to be the first of a handful of automakers to produce an electric pickup by next year. GM is expected to be next this fall with the GMC Hummer EV pickup.
By Michael Elkins | Michael.Elkins@streetinsider.com
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla’s (TSLA) Elon Musk Announces FSD 10.1 Rollout in 1 Week
- Nemaura Medical (NMRD) Appoints Osama Hamdy to its Advisory Board
- Helbiz (HLBZ) Announces Partnership between Helbiz Media and FOX Networks Group to Broadcast Serie B Championship
Create E-mail Alert Related CategoriesCorporate News
Related EntitiesTesla, Michael Elkins
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!