Rivian, Tesla, and Lucid say they face big losses as the Trump administration overhauls EV regulations
1. The Trump administration is overhauling EV regulations impacting revenue streams. 2. Lucid, Rivian, and Tesla warned about substantial profits at risk. 3. Changes reduce the market value of regulatory credits significantly. 4. Tesla reported a $1.11 billion revenue drop due to these changes. 5. Regulatory credits have previously provided significant profit for EV makers.