Editor’s Note: This story has been updated to reflect the correct price of the Rivian R1T.
The Tesla Inc. (NASDAQ: TSLA) Cybertruck is one of the most anticipated vehicles in the recent past.
Delivery of the Cybertruck, which was presented in 2019, is expected to begin at the end of 2021. The production in larger numbers will take place in the following year. The steel exoskeleton is bulletproof for up to 9 mm ammunition and comes with armored glass, which should be unbreakable under normal circumstances.
While Tesla’s Cybertruck looks futuristic, it’s not the only futuristic offering on offer to consumers this year.
Rivian is expected to start selling its R1T all-electric pickup truck in June. The first version will have a range of 300 miles, but a version with a range greater than 400 miles is expected to be available in January 2022.
Rivian is backed by significant investments from Amazon (NASDAQ: AMZN) and Ford Motor Company (NYSE: F) among others.
See also: How To Invest In Tesla Stock
Here is a brief breakdown of the trucks.
Range: While Tesla’s Cybertruck will also have a 300-mile version, the high-end fairing, which will initially be available in late 2021, will have a range of over 500 miles when fully charged.
This will be a record range for electric vehicles, at least by today’s standards.
The longest range electric vehicle currently available is the Tesla Model S, which has a long range and a range of 412 miles.
Design: Rivian takes a more traditional approach to the R1T. Overall, the vehicle looks like a lot of other pickup trucks you would see on the road, minus the unique headlights.
This will likely help the vehicle compared to the Cybertruck, the design of which many initially didn’t take seriously.
Elon Musk, CEO of Tesla, has reiterated that the design was intentional: the body will be tough, inexpensive and aerodynamic.
Price: One of the most important components is the price. The Cybertruck starts at $ 39,900 with a range of more than 250 miles and an optional self-drive package of $ 10,000.
Rivian’s 300-mile model will start at $ 67,500, compared to Tesla’s top-of-the-line 500-mile cybertruck, which will cost $ 69,900.
The Rivian truck is eligible for a $ 7,500 tax credit, which Tesla is not eligible for at the time of writing.
If the laws backed by President Joe Biden are passed, Tesla could also use the tax credit in its favor.
Photo courtesy of Tesla.
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