Rivian stock tanks 8% after $7,500 EV credit ends: here's what's really happening

Core Viewpoint - Rivian's stock (NASDAQ: RIVN) experienced an intraday drop of approximately 8% on Thursday, driven by increasing investor concerns regarding the expiration of the $7,500 federal electric vehicle (EV) tax credit [1] Company Summary - Rivian's stock performance is negatively impacted by investor anxiety over the potential loss of federal incentives for electric vehicle purchases [1] Industry Summary - The expiration of the $7,500 federal EV tax credit raises concerns within the electric vehicle industry, potentially affecting sales and market dynamics [1]