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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Amazon-backed startup Rivian starts production of electric pickup truck

09/14/2021 | 10:24pm EDT
Electric vehicle startup Rivian shows off its SUV truck in Mill Valley

(Reuters) -Amazon-backed Rivian's first electric pickup truck has rolled off the production line, the company's chief executive officer said on Tuesday.

This makes Rivian the first to bring an electric pickup to the market, ahead of Tesla Inc, General Motors and others.

"This morning our first customer vehicle drove off our production line in Normal," founder and Chief Executive Officer RJ Scaringe said in a tweet https://bit.ly/3Ac9WMB, which included images of Rivian's R1T electric pickup at its plant in Illinois.

Tesla boss Elon Musk in July offered no timeframe for when the automaker would start mass production of its much-anticipated Cybertruck.

Rivian has received regulatory approvals from the National Highway Traffic Safety Administration, the U.S. Environmental Protection Agency and the California Air Resources Board, and its debut EVs are ready for sale in all 50 U.S. states, a company spokesperson said.

In August, the company said it has confidentially filed paperwork with regulators for an initial public offering. Two sources had told Reuters that Rivian will seek a valuation of around $70-80 billion at the time of its IPO.

(Reporting by Chavi Mehta in Bengaluru and David Shepardson in Washington; Additional reporting by Akriti Sharma in Bengaluru; Editing by Shailesh Kuber and Shounak Dasgupta)


ę Reuters 2021
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Analyst Recommendations on TESLA, INC.
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Financials (USD)
Sales 2021 50 308 M - -
Net income 2021 3 996 M - -
Net cash 2021 8 422 M - -
P/E ratio 2021 202x
Yield 2021 -
Capitalization 732 B 732 B -
EV / Sales 2021 14,4x
EV / Sales 2022 10,6x
Nbr of Employees 70 757
Free-Float 81,0%
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Technical analysis trends TESLA, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 739,38 $
Average target price 686,25 $
Spread / Average Target -7,19%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio Jose Gracias Independent Director
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