Reuters
SAN FRANCISCO (Reuters) -Electric-vehicle maker Rivian Automotive on Monday reported third-quarter deliveries above market expectations, as it ramped up production to meet a sustained demand for its pickup trucks and sport-utility vehicles (SUVs). The numbers from Rivian come amid concerns of softening demand for electric vehicles in the U.S. due to higher borrowing costs, which has prompted price cuts and discounts by rivals including Tesla. Rivian, which makes R1T pickup trucks and R1S SUVs, delivered 15,564 vehicles in the quarter ended Sept. 30, compared with Visible Alpha estimates of 14,740 vehicles and up 23% from the second quarter.