The Rivian R1T earned the J.D. Power award for most satisfying ownership experience among Premium Battery Electric Vehicles. But, what is perhaps more surprising is who came in second and third. The Mini Cooper EV came in second and the Kia EV6 ranked third. The Tesla Model 3 came in fourth. Tesla didn’t even finish on the podium. Speaking of Tesla…

Tesla held their investor day yesterday and though they claim the Cybertruck will begin manufacturing this year, I remain skeptical. It’s been 3.25 years since the unveiling of the Cybertruck, but more importantly, according to a NY Times article (link), Tesla has run into physical challenges with building the Cybertruck, that may prove extremely expensive to overcome – if not impossible. $TSLA currently has a forward PE ratio of 51.9, and honest to goodness, someone needs to explain to me how the current stock price and PE ratio is justified. It’s an unpopular opinion, but I think Tesla is just another car company whose first mover advantage is EVaporating. The Electric Barbarians have breached the gate.