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Rivian's R1T pickup truck, after all, had already hit the roads even as EV leader Tesla (TSLA -1.64%) failed to start production of its Cybertruck in 2021 as planned.

Rivian is an electric car company that went public on November 10. After pricing its shares at $78 they hit an intra-day high of $179.47 on November 16 and closed at $128.60 on Friday, November 19.

Provided Rivian can manufacture at scale, it will also have to show that it can adequately support and service its trucks after sale, something Tesla has struggled with at times.