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Rivian, Lucid, and Tesla stocks fall
Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the stocks.
Tesla, Rivian shares fall on report US President-elect Donald Trump plans to end EV tax credit
Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, a report said.
Rivian, Tesla slide on report Trump plans to nix EV tax credit
Repealing the subsidy - a major component of President Joe Biden’s Inflation Reduction Act - would deal a significant blow to EV adoption in the U.S.
Rivian, Volkswagen
Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
Why Rivian Shares Are Still Surging Today
Shares of Rivian Automotive (NASDAQ: RIVN) were still surging on Wednesday afternoon, after the company announced the closing of a deal with Volkswagen that could be worth well over $5 billion to the electric vehicle (EV) maker. As of 1:30 p.m. ET, Rivian's shares were up about 18.3% from Tuesday's closing price.
Rivian shares surge on $5.8 bln Volkswagen investment in JV
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
Money Morning
23h
Three Stocks: Rivian, Cisco, and Spotify
Despite a 9% decline in product revenue, Cisco saw a 6% increase in services revenue. One standout was the robust growth in ...
1d
Rivian Shares Rise 13% In Pre-Market: What's Going On?
Rivian shares are up 13% in premarket trading after Volkswagen increased their planned investment to $5.8 billion.
13d
Is Rivian Stock a Buy After Plunging 15%?
But their differences are what make Rivian shares a steal today. Rivian stock trades for less than 2 times sales, while Tesla ...
Electrek
7d
Rivian and Lucid shares take a dive while Tesla soars
What's the Trump effect on the EV market? Depends: smaller players like Rivian and Lucid may be at risk, while Tesla has the ...
1d
Volkswagen raises bet on Rivian by US$800mil
Volkswagen AG (VW) and Rivian Automotive Inc have named leaders for their multi-billion-dollar joint venture (JV) and ...
12h
on MSN
Trump announces he will go after electric car mandate — what does this mean for Musk’s Tesla?
With Trump as the new president-elect, what could that mean for his close friend Musk’s famous Tesla company? Trump has said ...
1d
Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant ...
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