Would Rivian Stock Plummet Without the $7,500 Tax Credit?
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Rivian's stock is performing well, but the company is facing significant cash burn. There are concerns about the potential end of the $7,500 tax credit under the Trump administration, which could impact Rivian's stock negatively.
December 18, 2024 | 3:00 pm
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Rivian's stock is currently performing well, but the company is experiencing high cash burn. The potential end of the $7,500 tax credit under the Trump administration could negatively impact the stock.
Rivian's stock is currently doing well, but the company is burning through cash. The potential removal of the $7,500 tax credit, which is beneficial for electric vehicle sales, could lead to a decrease in demand for Rivian's vehicles, thus negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100