From Yahoo Finance: 2025-05-10 18:05:00

In 2024, Tesla sold nearly 1.8 million electric vehicles, with most being sedans and SUVs. However, sales of its electric trucks, like the Cybertruck, lag behind. This raises questions about Rivian’s focus on trucks and its potential impact on the market.

Tesla’s dominance in the electric vehicle market has set a high standard for competitors like Rivian. Despite Tesla’s diverse tech ventures, it remains a significant player in the EV industry, selling 1.8 million EVs in 2024, with sedans and SUVs comprising the majority of sales.

The Cybertruck, part of Tesla’s “other” category, saw a decline in sales from late 2024 to early 2025. Rivian, on the other hand, focuses solely on EV trucks and managed to sell around 8,000 trucks in the first quarter of 2025, indicating potential growth in this market segment.

Rivian’s production of 50,000 EV trucks in 2024 is comparable to Tesla’s sales of other vehicles, including the Cybertruck. The contrast in sales figures suggests varying growth potential for Rivian’s truck business over time, despite its profitability efforts.

While Rivian’s EV trucks differ from Tesla’s offerings, Rivian’s market focus raises questions about its long-term growth potential. Investors should consider the market landscape and Tesla’s industry position when evaluating Rivian’s future prospects.

Before investing in Rivian Automotive, consider the top 10 stocks identified by The Motley Fool Stock Advisor team for potential high returns, excluding Rivian. Past recommendations like Netflix and Nvidia have yielded substantial returns, highlighting the team’s track record of market outperformance.

Read more: If Tesla Is Only Selling This Many Trucks, How Much Growth Is There for Rivian?