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Benzinga
203 days

Rivian CEO Downplays $7,500 EV Tax Credit Concerns: 'Not A Political Thing'

1. Rivian CEO brushes off $7,500 federal tax credit concerns. 2. Policy changes may slow legacy automakers' EV investments. 3. Rivian targets annual production of 615,000 vehicles by 2028. 4. New Georgia plant to produce up to 400,000 vehicles annually. 5. Rivian's stock has dropped 22% over the last year.

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FAQ

Why Bullish?

Scaringe's confidence in Rivian could attract investors, impacting stock positively.

How important is it?

The article discusses Rivian's strategic position, impacting investor perceptions significantly.

Why Long Term?

Tax policy may initially affect EV market but Rivian's growth strategy is robust.

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