Rivian Follows Tesla's Lead, but Is It Too Late?

Rivian, an electric vehicle (EV) startup, is following in Tesla's footsteps by unveiling new vehicles and shifting into lower price categories. However, the EV market has become more competitive, and Rivian will have to contend with Tesla's benchmark and new products from established automakers. Additionally, Rivian's new platform will not be available until 2026, and the company will face challenges in terms of cost and production. While Rivian is considered one of America's best EV startups, the road ahead is uncertain, and the company's stock has experienced fluctuations. [Extracted from the article]