BNP Paribas Analysts Predict Growth Opportunities for Rivian and Lucid Amidst EV Tax Credit Changes

Rivian and Lucid stocks increased temporarily after the proposed tax and spending bill ended the $7,500 EV tax credit. BNP Paribas analysts believe this will impact established automakers more than EV-focused companies like Rivian and Lucid. Despite disappointing delivery numbers this quarter, analysts expect a significant increase in deliveries by next quarter, with Rivian benefiting more due to Lucid's slower production ramp-up. Rivian maintains an "Outperform" rating, while Lucid has an "Underperform" rating.