Shares of Rivian recorded their best day ever after the EV maker reported 2024 production and deliveries that were in line with the company's previously announced expectations. Rivian stock closed Friday at $16.

Rivian finished last year having delivered 51,579 electric SUVs, trucks, and vans, more than triple the number it shipped to customers in 2023. The

All of that is very good news for shareholders. Investors have been concerned about broader EV demand amid growing signs that demand for Tesla vehicles is slipping somewhat; Rivian's results show that demand -- for Rivian vehicles, at least -- remains steady.