Rivian Reports Q3 Deliveries for the R2 SUV in October. Here's How Investors Should Prepare.
Rivian's future relies on its new R2 SUV.
Overview
It's hard to overstate how important the Model Y was for Tesla's (NASDAQ: TSLA) overall growth journey. Today, that model alone accounts for more than 90% of Tesla's vehicle sales. The Model Y allowed Tesla to significantly expand its sales base, which, in turn, enabled the company to scale its production facilities to reach economies of scale -- the driving force behind Tesla's 24-quarter streak of consecutive profits.
In short, the Model Y is one of the biggest factors behind Tesla's current $1.1 trillion market capitalization.
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Originally published at www.fool.com.
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