Rivian and fellow EV maker Lucid revealed concerns around demand for evs

[rcjordan]

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

[ergophobe]

>>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/