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- Tesla's strong sales figures were met with a stock decline, signaling its valuation may be fully priced in.
- Meanwhile, smaller competitor Rivian has launched the R2 SUV, directly challenging Tesla's dominant Model Y in the mid-market segment.
- Despite Rivian's smaller scale and unprofitability, its new offering and a consumer trend indicator suggest a shift in the EV landscape.
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Tesla's strong sales figures were met with a stock decline, signaling its valuation may be fully priced in. Meanwhile, smaller competitor Rivian has launched the R2 SUV, directly challenging Tesla's dominant Model Y in the mid-market segment. Despite Rivian's smaller scale and unprofitability, its new offering and a consumer trend indicator suggest a shift in the EV landscape.
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This article was originally published by CNBC.
