As both companies seek to meet production targets, analysts weigh in on where each of them will be by the end of the year.
Emmanuel Rosner keeps an eye on both companies as the lead autos and automotive technology analyst at Deutsche Bank. He toldthat Tesla is on track to deliver 1.5 million units by year's end, a 60 percent increase from the previous year.
Among the newer startups, Rivian seems to have the capital necessary to weather the investment drought. They were also the first company to bring an electric pickup to market. "Rivian's new decision is to be much more conscious of their spending, to somewhat constrained growth...then trying to get to a free cash flow breakeven position without raising new capital between now and then," he explained."I think this is a welcome update to their strategy and one that's probably needed in the current macro circumstances."
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