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Rivian says Tesla Cybertruck not a real rival for the R1T – Real or not real?

As the highly anticipated Tesla Cybertruck gears up for production in the upcoming weeks, there’s speculation about its impact on the sales of other electric trucks, especially those from startups like Rivian. However, Rivian’s CEO, RJ Scaringe, appears unfazed. Speaking at Code 2023, a tech conference by Vox Media in California, Scaringe explained his lack of concern regarding Tesla’s entry into the electric truck market. He emphasized that the Cybertruck and Rivian’s R1T occupy distinct market positions and cater to different customer bases. According to Scaringe, these two vehicles target separate niches within the market, which is why he doesn’t view Tesla’s move as a significant threat.

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