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Rivian and Lucid Poised for Growth Amid Tax Reform and Decreasing Competition
ByAinvest
Friday, Jul 4, 2025 8:17 am ET1min read
BNP Paribas predicts Rivian and Lucid will gain from President Trump's tax reform spending bill, which terminates the $7,500 EV consumer tax credit after September 30. The analyst believes reduced competition from other automakers and negative sentiments toward Tesla will benefit Rivian. Lucid may also benefit from increased market share, despite slower production ramp-up and delayed model launches. BNP Paribas rates Rivian "outperform" and Lucid "underperform."
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