Rivian has confirmed that their new R1T pickup will have 314 miles (approximately 505 kilometers) on a single charge, while the R1S can go 316 miles on a full battery.
This comes off a very busy few weeks for Rivian in which they announced that they would be going public.
Waymo at present has a private valuation that is twice as high as Tesla.
How can this be?
Margins! Tesla is focused on the full production of the car where Waymo is focused purely on the underlying technology with self driving cars. Thus, Waymo will have a Gross Margin that is extremely high in comparison to Tesla.
Eric Schmidt talked about this a lot. How Google and its products always wanted to be focused on providing the technology sub stack instead of the full product as it keeps margins at a high level and thus maximising value.