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EV, Tesla and Rivian
Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Rivian
Automotive Inc.
shares
dropped 12% on Thursday, their worst day in months, on heightened concerns the Trump administration is readying a plan to axe EV tax credits. Tesla Inc.
shares
also headed south, but to a lesser degree, as Tesla is seen as ...
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.
The $7,500 EV tax credit is on Trump’s chopping block
Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems
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.
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.
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.
Money Morning
20h
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.
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