Tesla Bags Top-Rated EV Badge From Edmunds, Rivian Gets Editor's Choice Crown

$Tesla(TSLA.US)$ and $Rivian Automotive(RIVN.US)$ have secured top awards from automotive research agency Edmunds as part of its 2022 rankings.

What Happened: Tesla’s affordable, compact sedan Model 3 has been named the top-rated electric vehicle of the year and the recently launched R1T electric pickup truck from Rivian has been crowned the editor’s choice award.

Model 3 has now bagged the title for three years in a row, the research agency said.

“The first all-electric pickup truck to market, it offers an impressive combination of on- and off-road performance, cutting-edge technology and thoughtful utility,” Edmunds said on why R1T bagged editor’s choice award.

The recently-listed Rivian is backed by $Amazon(AMZN.US)$ and $Ford Motor(F.US)$. The pre-revenue electric automaker has delivered just 156 electric vehicles but has secured a higher valuation than legacy rivals Ford and $General Motors(GM.US)$ .

The development comes on the heels of Tesla CEO Elon Musk securing two back-to-back Person of The Year awards this week.