Tesla's Q1 Deliveries Fall Short, Rivian Sees Modest Boost

Stifel warns that Tesla stock may face pressure after Q1 deliveries missed expectations, while Rivian may see a modest boost from its beat. Tesla delivered 358,023 vehicles, missing consensus forecasts by 2%, while energy storage deployments fell short of expectations. Rivian reported deliveries of 10,365 vehicles, exceeding Stifel's estimate by 4%, and reaffirmed its full-year delivery guidance. Stifel views Tesla's results as negative for the stock, while Rivian's performance is modestly positive.