3 ms·
Pickups are #1, #2, #3 selling in the US [1]. There is room for both Tesla and Rivian. Just make them! I bet the valuations of companies selling horseshoe, sad
by thelastgallon 5y ago
Pickups are #1, #2, #3 selling in the US [1]. There is room for both Tesla and Rivian. Just make them!
I bet the valuations of companies selling horseshoe, saddle, horses, stables, stagecoach, etc was high when Ford started out. Most people at that time may not have understood why Ford is valued so high when good money can be made selling saddles.
Technology evolves. Ford and GM are now the companies making horseshoes and saddles. This is reflected in the insane valuations of pure EV companies. Rooting for both Tesla and Rivian to be successful!
[1] https://www.caranddriver.com/news/g36005989/best-selling-cars-2021/ https://www.caranddriver.com/news/g36005989/best-selling-car...
- enos_feedler 5y agoThe interesting thing will be the intersection of people who love trucks and also are willing to go electric. Most of my truck loving friends are in my home town where there is quite literally no teslas and nobody wants anything to do with electric vehicles.
- mrgordon 5y agoSoon they won’t have a choice
- enos_feedler 5y agoYes eventually, but the key question here is timing. There choice needs to be removed within a window that enables Rivian to own the market. If we are talking 10+ years out (which I think is likely) then Rivian will be dead and EV will be a commodity feature in all other cars.
- cblconfederate 5y agoIt is surprising that this is not reflected in valuation of companies making hybrid vehicles
- dnissley 5y agore: top selling vehicles being pick ups -- there's a big asterisk there: A significant portion of those vehicles are barebones, super low-cost work trucks, and on top of that Ford (the top seller) lumps literally all of their F-series together, without breaking them down into F-150, F-250, etc. some of which there will not be an electric replacement for many years.
- WarOnPrivacy 5y agoEvery other vehicle on the road here is a new pickup. Most seem to have been bought for waxing, blinding other drivers and that's about it.