Will Tesla's Price Cuts Stop the Rise of Rivian.
Investors have appreciated the recent surge in Rivian.
Will the rally be killed by Tesla's successful price cuts, though?
Elon Musk, CEO of Tesla (TSLA 4.20%), effectively instilled anxiety throughout the electric vehicle (EV) sector.
Musk stated that Tesla would prefer to sell more units at lower prices than fewer units at better profit margins.
Initially, it shows the Cybertruck charging at Gigafactory Texas' solar-panel canopied Supercharging station.