FTFY: Rivian and fellow EV maker Lucid revealed concerns around demand for $90,000 electric vehicles
Rivian to raise $1.3 billion amid EV demand concerns
https://www.cnbc.com/2023/03/07/rivian-notes-fundraise-ev-demand.html
>>demand for $90,000
But focus on the *quality* and the *experience*
Just kidding. Tesla was smart to shoot for the high-end market, but their success is based on the mid-range
Model (starting price) - deliveries for Q3 2022
Model X ($110K) and S ($95k) - 18,672
Model 3 ($43k) and Y ($55k) - 325,158
Conclusion: the market for $100k cars is much smaller than for $50k cars.
https://www.pocket-lint.com/cars/news/tesla/137055-tesla-everything-you-need-to-know/
https://insideevs.com/news/613845/tesla-production-deliveries-2022q3/