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The Rivian Surge and the Stabilizing EV Market Landscape
Rivian beats delivery estimates as EV demand shows signs of stabilising
Rivian Automotive $RIVN (Rivian) beat Wall Street’s Q1 delivery expectations, delivering 10,365 vehicles versus estimates of 9,678, while reiterating its full-year delivery forecast of 62,000 to 67,000 vehicles. The bigger takeaway is that EV demand may be stabilising, which could shift sentiment across U.S.-listed EV makers, suppliers, charging names, and selected traditional auto stocks.
Winners
EV makers with improving demand momentum
Rivian’s stronger-than-expected quarter suggests EV demand may be finding a floor…
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