Rivian (RIVN) shareholders face a crucial deadline that could impact the electric vehicle (EV) maker's near-term prospects. The $7,500 federal tax credit, which has helped drive EV adoption in the U.S., will expire by the end of this month.
The timing couldn't be more challenging for Rivian, which just initiated its second workforce reduction of 2025, cutting approximately 150 employees, or 1.5% of its staff. These layoffs targeted commercial teams handling sales and service operations, following 140 manufacturing job cuts in June.
