From NASDAQ:



Tesla still dominates the U.S. electric vehicle market, but new vehicle registration data shows that its dominance is slowing down, with other brands surging. Luxury brands like BMW and Mercedes-Benz, as well as Rivian, are gaining traction in the EV market. Despite this slowdown, EV adoption is still on the rise, although it may be more gradual than expected due to different economic circumstances. Investors should view this as a temporary slowdown influenced by external factors such as inflation and high interest rates. The article also mentions that Rivian hopes to be gross-profit-positive in 2024, and considering the healthy demand for its vehicles, this is a positive sign for the company. Finally, the article includes a disclaimer indicating that the views expressed are those of the author and not necessarily reflecting those of Nasdaq, Inc.



Original: More Good News for Rivian Investors — at Tesla’s Expense