There May Be a Price War Coming for Electric Vehicles. Here's Why Rivian Can Win It.

Consumers hoping to receive a $7,500 federal electric vehicle (EV) tax credit on a Tesla (TSLA -0.77%) Model 3 next year could end up with a lump of coal instead. But the ripple effect of this change and what it could mean for competitors such as Rivian Automotive (RIVN -1.57%) could be much more impactful than investors realize.What's going onSpecifically, Tesla's most affordable vehicle will no longer qualify for the $7,500 federal EV tax credit after the calendar flips to 2024, when stricter rules on bat ...