I had high hopes for it, but ultimately I am disappointed. It has a sleek look, that much is true. The specs are impressive, and the pricepoint is not astronomical, especially for the capabilities and the longevity that an electric drivetrain can provide. I am sure it is a high quality vehicle with great, state of the art features. BUT - my disappointment is that it seems nobody in the EV segment really groks "truckness." This is yet another "lifestyle" truck; it lets you haul sports equipment on the weekend or maybe move an appliance now and then - which to be fair is all a large segment of the target market will ever need - but it misses a couple glaring points.
First, let's talk about utility. IMO Rivian wins this one squarely, but at least partially on their modular platform rather than the truck itself. Here's my take:
Neither the Rivian truck OR the Tesla truck will be available with a long bed option, which means the carrying capacity for things like drywall and sheathing are limited. Rivian's concept is beautiful, and will be a great "sport truck," but I don't know if you can even haul drywall AT ALL in its 4.5ft bed. The Tesla concept will accept neither a standard bed toolbox nor a lumber rack (Rivian at least has that advantage, although how much bed is left after you slap a toolbox in 4.5ft?). A vehicle specific camper shell is fairly commonplace so that's probably acceptable. You can't stack anything higher than the bed rails safely in the Tesla because the drastically sloped sides make it unfit to support a load. So much for hauling a ton of hay; and even my grandfather's '74 Toyota Hi-Lux could do that (I actually have many fond memories of that truck). Forget about the idea of using all that towing power too, because you can't put a gooseneck hitch over those bedsides either.
Second, although the savings on maintenance presents a strong business case, the previous utility issues combined with the inability to swap on a utility bed or flatbed (both the Tesla and Rivian are unibody designs) will limit its desirability for many prospective commercial buyers. Many businesses buy fleet trucks because they need both a utility vehicle AND a tax deduction, but utility is key, and given the tax write off often a bigger consideration than cost. Until someone in the EV segment figures out how to make a truck that will work both in the driveway and on the construction site, they won't unseat or even challenge the F150/F250 juggernaut. I don't believe you'll ever see any current EV truck concepts pulling a trailer full of landscaping equipment or filled with a Miller portable welder. When Ford delivers the electric F150, my prediction is that Rivian will do OK with the R1T as a luxury truck for the eco-conscious and continue to expand based on licensing their modular drivetrain. The Tesla concept will be relegated to a niche vehicle unless it changes drastically between now and release. Which is probably ok - Musk likes to push the boundaries, and at that he has succeeded. I was hoping his vision for practicality would bleed over a bit more from SpaceX, but we got his flair for radical departure instead. It's actually kind of close to what I expected, just not exactly what I hoped for.