Hey there, curious minds! Today, we're diving into the whirlwind of Tesla's tax world and how it's shaping the fate of its electric vehicle (EV) competitors, Rivian and Lucid. Strap in for a ride filled with stock boosts, credit cuts, and market maneuvers that could change the game for these innovative automakers.
The Tax Bill Twist
The Rise and Fall
Picture this: Rivian and Lucid stocks soaring like eagles after Trump's tax bill rolled through the House. Rivian jumped by 4.6%, while Lucid skyrocketed by 8.8% in response to the bill's nod to end EV tax credits. It's like a high-speed chase in the stock market arena!
The Credit Crunch
Now, here's the plot twist – the bill's grand finale involves snipping the $7,500 EV tax credit on September 30. This move is expected to hit EV demand, especially among big auto players. The catch? Companies selling over 200,000 EVs between 2009 and 2025 won't get a taste of that tax credit pie.
Tesla's Tax Turmoil
The Tesla Tumble
Zoom into Tesla's world, and you'll see the storm brewing. With over 336,000 vehicles delivered in just one quarter of 2025, Tesla's ride has been a rollercoaster. But now, with the tax credit disappearing, Tesla might hit a rough patch that could steer sales volume off track.
The Analyst Angle
Analysts are sounding the alarm bells for Tesla. From Seth Goldstein's warning about potential impacts to JPMorgan's forecast of profit threats, it's a bumpy road ahead. The tax credit cut could crimp Tesla's earnings and sales volume, adding more twists to its EV saga.
As the EV storyline unfolds, remember that every turn in the tax tale could influence these automakers' destinies. Stay tuned for more stock surprises and market maneuvers that could reshape the EV landscape!
—————————————————————————————————————————————
By: sgoel@insider.com (Shubhangi Goel)
Title: How Tesla’s Tax Shake-Up Impacts Rivian and Lucid: A Stock Story
Sourced From: www.businessinsider.com/rivian-lucid-stock-trump-tax-bill-passed-tesla-ev-credit-2025-7
Published Date: Fri, 04 Jul 2025 05:50:07 +0000
Related posts:
Tesla stock could surge 50% and is the most popular pick in an industry that’s seeing an electric vehicle’shake-out’, Morgan Stanley’s Adam Jonas claims.
Elon Musk Makes a Prediction / Rivian Stock Drops ~25% In a Day / Lucid Drops ~17% / Today’s News
Lucid CEO: Chinese Automakers Still Lagging Behind Tesla
Autotrader has ranked the top 10 EVs by 2023 – and they are all Teslas
Leave a Reply