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Will Tesla's Price Cuts Actually Hurt Rivian?

TheMotleyFool

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Will Tesla's Price Cuts Actually Hurt Rivian?: https://g.foolcdn.com/editorial/images/736768/2022-rivian-r1s-07.jpg

We know (NASDAQ: TSLA) has been cutting vehicle prices all year, but what's the impact on the industry? So far, legacy competitors don't seem to be hurt, but EV competitors have been. In this video, Travis Hoium covers why Rivian is giving investors some signs to be worried about.

*Stock prices used were end-of-day prices of June 16, 2023. The video was published on June 19, 2023.

Source Fool.com

Tesla Inc Stock

A very strong showing by Tesla Inc today, with an increase of €11.18 (6.960%) compared to yesterday's price.
Our community is currently high on Tesla Inc with 56 Buy predictions and 27 Sell predictions.
With a target price of 248 € there is a positive potential of 44.29% for Tesla Inc compared to the current price of 171.88 €.

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