News
GMC Hummer EV vs Tesla Cybertruck vs Rivian R1T: price and specs comparison
Legacy automaker General Motors recently unveiled the Hummer EV, a monster of a vehicle that will be pitted against other all-electric trucks like the Tesla Cybertruck and the Rivian R1T. The Hummer EV isn’t just another rival in the sustainable pickup truck market. The rivalry between the GMC Hummer EV, the Tesla Cybertruck, and the Rivian R1T also represents the battle between legacy automakers and new kinds of auto manufacturers.
Price
GM seems to have gone a different route when deciding the Hummer EV’s price. GM plans to release four variants of the all-electric “supertruck:” the EV2, EV2X, EV3X, and the limited Hummer EV Edition 1. The base model’s starting price is $79,995 with a reservation fee of $100.
Each subsequent model’s price is raised by about $10,000, except the limited edition Hummer Edition 1. For example, the Hummer EV2X costs $89,995 and the EV3X costs $99,995. The Hummer EV Edition 1, on the other hand, starts at $112,595.
Tesla and Rivian’s EV pickup trucks are priced significantly less than the GM Hummer EV. The Rivian R1T starts at $69,000, though speculations suggest that the production truck will be more affordable. But even at its original price, the R1T is $10,000 less than GM’s cheapest all-electric pickup truck. Rivian’s R1T has a reservation fee of $1000.
When it comes to pricing, however, Tesla’s Cybertruck takes the cake with a starting price of $39,990 for its single motor RWD variant. Tesla set a reservation fee of $100 for the Cybertruck. Tesla seemed to go the opposite direction as the other two automakers and set the price for its top-tier Cybertruck at $69,900. This makes the top-tier Cybertruck Tri-Motor AWD more affordable than the GMC Hummer EV’s base variant.
Price may not be the main factor that sways potential customers from one EV pickup to another. GMC, Tesla, and Rivian have packed their EV trucks with the best specs and features possible. In the end, these specs and features may be the deciding factor for buyers.
- The Rivian R1T promises to bring electrification to the luxury adventure industry. (Credit: Rivian)
- Tesla Cybertruck futuristic aero wheel makes debut in Los Angeles unveiling event on Nov. 21, 2019 (Photo: Teslarati)
- (Credit: GMC)
Range and Performance
When it comes to range and performance in the EV market, Tesla sets the bar high. Tesla’s in-depth knowledge in battery technology has given it a serious edge against the competition, most notably legacy automakers like GM.
For the purposes of this comparison, Teslarati will be looking at top-tier variant of each EV pickup truck. In GM’s case, the Hummer EV Edition 1 has a tri-motor setup with an estimated 350+ miles of range. According to the OEM, the Hummer EV can run 0-60 mph in approximately 3 seconds.
Rivian’s R1T pickups beat the Hummer EV’s range, reaching up to 400+ miles on a single charge. In terms of performance, the R1T matches GM’s Hummer EV with the ability to run 0-60 mph in 3 seconds.
The Cybertruck will be Tesla’s first entry into the pickup truck market, but the company certainly didn’t hold back when it came to range and performance. The tri-motor Cybertruck is expected to have an EPA-estimated range of 500+ miles and can run 0-60 mph in about 2.9 seconds.
Unique Features
When it comes to novel features, GMC has some tricks up its sleeve. After all, the legacy automaker has been in the pickup truck market for decades and has enough experience to understand what Hummer customers want. When Rivian revealed the R1T, it seemed to understand the pickup truck market’s customer base well, too.
When it comes to vehicles, utility is a top priority, most especially for pickup truck buyers. Rivian understood that useful features mattered and included features like a cleaver gear tunnel and “Tank Turn.” Both features were specifically included in the Rivian R1T with the pickup customer in mind.
The GMC Hummer EV also has some features specifically tailored for pickup owners. During its unveiling, GM introduced the Hummer EV’s CrabWalk feature which allows the vehicle to navigate tricky terrain. The legacy automaker also included adaptive air suspension.
- (Credit: Tesla)
- (Credit: Rivian)
- (Credit: GMC)
Tesla’s focus has always been on sustainability, but it still managed to include some unique features in the Cybertruck. The adaptive air suspension GM announced for the Hummer EV was also seen in the Cybertruck during its unveiling.
The bed of the Cybertruck includes 110v/220v outlets, which impressed many pickup truck owners who use power tools for work or recreation. Tesla’s pickup truck also has Camp Mode, which allows passengers to sleep in their vehicles comfortably without draining the batteries.
Camp Mode is not unique to the Tesla Cybertruck. The feature is available in all Tesla vehicles. But it’s one of many features that neither GM nor Rivian has announced for their pickup trucks. Camp Mode will not be the only quirky Tesla feature that will make it to the Cybertruck, too. There are also features like Dog Mode and the multiple entertainment features available in Tesla vehicles like Caraoke.
Conclusion
Tesla and Rivian, especially the former, have forged their own path in the auto industry. Both car companies have committed to manufacturing sustainable vehicles with great performance and look good doing it.
In comparison, General Motors Truck Co. has been one of the leading car manufacturers in the world for decades and has created some of the toughest pickup trucks ever made. So it’s no surprise everyone wondered what GMC would bring to the table when it announced the Hummer EV.
Given each automaker’s competencies, the battle between the GM Hummer EV, Tesla Cybertruck, and Rivian R1T could decide the future of the electric pickup market. Nevertheless, the presence of the three all-electric trucks in the market today bodes well for the shift to sustainability as a whole. Every GMC Hummer EV sold is one less ICE truck on the road, after all.
Watch an in-depth look at the GMC Hummer EV in the video below.
News
Tesla tops American-Made Index for sixth-consecutive year
Tesla is atop the American-Made Index from Cars.com for the sixth-straight year, as the Model 3 and Model Y took the top two spots, respectively.
Last year, the Model 3, Model Y, Model S, and Model X took the top four spots, respectively. The company has routinely performed well in the Index. However, Tesla discontinued its flagship Model S and Model X earlier this year, which took the two cars out of the ranking.
Cybertruck is not considered due to its curb weight being above the 8,500-pound threshold, which eliminates it from being required to have more detailed assembly information.
Cars.com uses five main categories to develop its rankings:
- Location(s) of final assembly
- Percentage of U.S. and Canadian parts
- Countries of origin for all available engines
- Countries of origin for all available transmissions
- U.S. manufacturing workforce
These five major factors are then put into a 100-point scale. The vehicles with the highest scores sit atop the list. The Model 3 edged out the Model Y.
🇺🇸 The Tesla Model 3 and Tesla Model Y have been put atop the American-Made Index from https://t.co/PXZ0g1pPb6, meaning they are the most American vehicles you can possibly buy.
This is the SIXTH-STRAIGHT year a Tesla has been listed as the most American-made vehicle: pic.twitter.com/HyraOmaxSL
— TESLARATI (@Teslarati) June 23, 2026
Tesla uses a strong domestic strategy to build its cars and parts domestically. It relies on intense vertical integration that reduces its dependence on global suppliers, keeping more value and jobs in the United States.
This strategy has helped Tesla gain a strong reputation for domestically produced vehicles and parts. However, it helps it with more than just awards like this one. Keeping a supply chain local has also helped insulate Tesla more than others from tariffs and supply chain disruptions.
This year’s American-Made Index from Cars.com studied nearly 400 vehicles from the 2026 model year. Tesla was the only manufacturer to have an EV inside the Top 10. The Kia EV9 was the next EV to make the list, scoring the 17th position.
The Hyundai IONIQ 5 was 21st, and the final EV to make the list was the Cadillac LYRIQ in 77th.
Elon Musk
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
Investor's Corner
SpaceX makes $20 billion move to optimize its balance sheet
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.





