Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
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Tesla and Rivian shares experienced a decline due to concerns over the potential removal of EV tax credits under the Trump administration.
November 14, 2024 | 7:30 pm
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NEGATIVE IMPACT
Rivian shares fell due to concerns about the potential elimination of EV tax credits under the Trump administration.
Rivian's stock is affected by the potential removal of EV tax credits, which could make their vehicles less competitive in terms of pricing, leading to decreased demand.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla shares declined due to fears that EV tax credits might be removed under the Trump administration.
The potential removal of EV tax credits is a significant concern for Tesla as it could impact the affordability of their vehicles, leading to reduced demand and negatively affecting stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80