"Rivian Faces Stock Slip as Q4 EV Deliveries Miss Mark Despite Tesla's Success"

Rivian's stock price fell nearly 10% after reporting lower-than-expected vehicle deliveries for the fourth quarter of 2023, while Tesla's shares saw an increase following their report of record deliveries that surpassed market estimates. Despite Rivian's setback and growing competition in the EV market, Tesla achieved its annual delivery target, although it now faces new competition from Chinese EV maker BYD. The EV industry is navigating challenges such as high interest rates, a price war, and changes in tax credit eligibility. Rivian and Tesla are expected to release their full financial results on February 21 and January 24, respectively.