Rivian and Tesla struggle with weakening demand in Q1

The news: Two of the most prominent electric vehicle makers saw demand weaken in Q1.

  • Rivian delivered 8,640 vehicles—a 36% YoY drop that was still slightly ahead of analyst expectations of 8,200.
  • Tesla, by contrast, delivered 336,681 vehicles, a 13% YoY decline and well below the 377,590 forecast.

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