Rivian, Tesla, and Lucid say they face big losses as the Trump administration overhauls EV regulations

The Trump administration is gutting an obscure set of EV regulations, causing EV makers Tesla, Rivian, and Lucid a major headache. In the automaker's latest earnings report, Tesla said that the repeal of US federal regulatory credit schemes had contributed to a $1.11 billion decrease in expected revenue, and warned that future revenue may be significantly affected by the changes. Tesla, Rivian, and Lucid all make money from selling regulatory credits to other carmakers who have failed to sell enough EVs to ...