From Nasdaq:



Tesla’s Model 3 will no longer qualify for the $7,500 federal EV tax credit in 2024 due to stricter rules on battery sourcing. This could lead to a decrease in Model 3 sales as the effective price of the vehicle will rise. However, Rivian, which competes in different vehicle segments and doesn’t participate in pricing wars, is not expected to be significantly affected. In fact, Rivian has been building momentum and has avoided price wars so far. The company just launched a leasing program, secured a deal to supply AT&T with electric delivery vans, and is on track to be gross profit positive in 2024. Despite this, the Motley Fool Stock Advisor analyst team didn’t include Rivian in its list of the 10 best stocks for investors. However, the company’s focus on pick-up trucks and SUVs means that it may be able to avoid pricing wars for a longer period, which could be good news for shareholders. Therefore, Rivian could be a good investment for the near future.



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