A Little Bad News for Rivian Investors

Losing the federal tax credit would be bad news for Rivian, but there's a small silver lining.At the risk of repeating this time after time, the incoming Trump administration is heavily considering ending the federal tax credit for electric vehicle (EV) purchases, which can reach up to $7,500. This is obviously bad news for pure-play EV companies such as Rivian (RIVN -2.13%), but only recently have we gotten a little bit of data regarding how much the federal tax credit means to consumers themselves.Ranking ...