Rivian beats quarterly delivery estimates

Rivian Automotive surpassed analyst expectations for first-quarter vehicle deliveries, signaling a stabilization in demand for its electric SUVs and R1T pickup trucks. This positive performance follows a period of declining demand last year, partly attributed to the expiration of U.S. tax credits for electric vehicles. The company's ability to meet and exceed delivery targets suggests improving market conditions for electric vehicles and potentially stronger sales momentum moving forward.