Options Trades: RIVN Down After Trump Revokes EV Order
Portfolio Pulse from
Rivian (RIVN) shares are trading lower following President Trump's announcement to revoke Biden's executive order aimed at increasing EV sales. This development has led to a suggested options trade in Rivian.
January 22, 2025 | 6:00 pm
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NEGATIVE IMPACT
Rivian's stock is experiencing a decline due to President Trump's intention to revoke an executive order by Biden that supports increased EV sales. This regulatory change could impact Rivian's market prospects.
The revocation of Biden's executive order, which aimed to boost EV sales, directly affects Rivian's business environment. This regulatory shift is likely to create uncertainty around future sales growth, leading to a negative short-term impact on Rivian's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90