Tesla, Rivian Analyst Says EV Tax Credit Expiry A 'Double-Digit Percent Headwind': Key Areas To Watch
1. Rivian's Q3 deliveries of 13,200 beat consensus but missed Goldman’s estimate. 2. Tax credit expirations may negatively impact EV sales in upcoming quarters. 3. Rivian slightly lowered its full-year delivery guidance by 500 vehicles. 4. Upcoming R2 launch is anticipated as a key growth driver for Rivian. 5. EV industry facing headwinds from expiring federal tax credits.