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The shares of Rivian Automotive Inc. fell 12% on Thursday, their worst day in months, on increased concerns that the Trump administration is preparing a plan to eliminate electric vehicle tax credits.
Tesla Inc. Shares
TSLA also went south, but to a lesser extent, as Tesla is seen as less reliant on the $7,500 tax breaks than competitors — and expected to benefit from the new administration in other ways, given CEO Elon Musk’s role as a high-profile Trump. advisor.
