WS #15254
Tesla reported Q3 deliveries of 486,532 vehicles, beating consensus estimates despite the loss of US tax incentives, driven by strong European recovery. In contrast, Rivian reported record deliveries of 19,248 units but saw its stock drop ~3%, reflecting persistent investor skepticism regarding EV profitability and cash burn. The divergence highlights the market's preference for established scale over growth metrics in the EV sector.
EV Sector Divergence
Tesla reported Q3 deliveries of 486,532 vehicles, beating consensus estimates despite the loss of US tax incentives, driven by strong European recovery. In contrast, Rivian reported record deliveries of 19,248 units but saw its stock drop ~3%, reflecting persistent investor skepticism regarding EV profitability and cash burn. The divergence highlights the market's preference for established scale over growth metrics in the EV sector.