The 3 key elements:
- Tesla missed third quarter deliveries targets due to planned upgrades at its factories
- Rivian reported deliveries above market expectations in it’s third quarter as it increases manufacturing capabilities to meet demand
- Both manufacturers have seen continued demand for their cars, trucks, SUVs and crossovers.
Sources: https://www.autonews.com/automakers-suppliers/tesla-misses-delivery-estimates-factory-upgrades-curb-production, https://www.autonews.com/automakers-suppliers/ev-maker-rivian-beats-quarterly-delivery-estimates-after-raising-production