Rivian CEO doesn’t see buyer overlap with Tesla’s Cybertruck

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With Tesla’s Cybertruck simply weeks away from deliveries, Rivian CEO RJ Scaringe mentioned he doesn’t see “a whole lot of overlap” with its present fashions. Nonetheless, he’s joyful it exists, giving prospects completely different decisions.

Rivian CEO not nervous about Tesla’s Cybertruck

Scaringe was a visitor speaker on the Code Convention 2023 Wednesday amongst a number of the prime leaders in tech and enterprise.

When requested in regards to the firm’s upcoming competitors, Scaringe brushed it apart, claiming Tesla’s Cybertruck just isn’t a direct competitor with the Rivian R1T or R1S.

Scaringe mentioned, “When you have been to think about just like the Venn diagrams of shoppers, there’s most likely not a whole lot of overlap.” In the meantime, Rivian’s chief continued to say, “However, I feel it’s nice {that a} product like that exists on this planet,” in response to dwell reporting from The Verge.

As Scaringe went on to elucidate, “If we actually need to electrify every thing that’s produced,” competitors is wholesome.

With 1.5 billion automobiles globally and roughly 90 million being produced yearly, prospects need completely different choices. Having decisions is an efficient factor, “So it’s nice to see one thing so completely different.”

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Tesla Cybertruck prototype

Quite than within the tech business, the place there are one or two main leaders, Scaringe mentioned in transportation, “there must be many winners.”

In different phrases, Rivian’s success doesn’t depend upon different automakers and vice versa. In the meantime, Rivian is outpacing different EV startups within the US, inserting eighth out of 26 producers with 2.8% of the market.

After surpassing second-quarter expectations, hopes are excessive for Q3 supply numbers. At a Morgan Stanley convention earlier this month, Scaringe says the corporate has “rounded the nook.”

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Rivian R1T (Supply: Rivian)

Electrek’s Take

Rivian’s CEO is basing his declare on Tesla’s Cybertruck design alone. Nonetheless, if the Cybertruck rolls out with extra vary and/or decrease costs, it may influence R1T gross sales.

We don’t know if the Cybertruck will rival Rivian but as a result of Tesla has but to launch specs and pricing.

Tesla’s Cybertruck has racked up round two million reservations, in response to a buyer tally, and nonetheless has but to relay the total specs although manufacturing is predicted to start any day now.

In the meantime, earlier right now, new Cybertrucks, rumored to be “Grasp Candidates,” have been noticed at Gigagfactory Texas. If true, this may be the ultimate step earlier than manufacturing deliveries prone to start throughout the subsequent month.

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