Rivian Automotive has commenced production of its R2 electric SUV, marking a significant milestone for the company's entry into the mass-market electric vehicle segment. The company announced that deliveries of the new model are expected to begin later this spring.

The production launch comes despite recent tornado damage to Rivian's manufacturing facility. The company has managed to overcome the weather-related setbacks to begin producing what it considers a crucial model for its business strategy. The R2 represents Rivian's attempt to expand beyond its current truck and delivery van offerings into the competitive electric SUV market.

Meanwhile, other players in the electric vehicle space are experiencing their own developments. Volvo Cars reported that demand for its new EX60 electric SUV has exceeded the company's initial expectations, suggesting continued consumer interest in electric SUV options from established automakers.

Tesla is scheduled to report its first-quarter financial results after market close, with analysts focusing less on traditional earnings metrics and more on the company's broader strategic direction and future product pipeline. The earnings report comes as the electric vehicle pioneer continues to navigate an increasingly competitive market.

Separately, technology companies are dealing with operational issues, as Google is reportedly investigating complaints from Android users about severe battery drain following a recent software update. The issue highlights ongoing challenges in software optimization across the technology sector.