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Benzinga
Benzinga
Business
Badar Shaikh

Trump's Tax Bill Could Be A Boost For Tesla-Rivals Rivian, Lucid Amid EV Slowdown, Says BNP Paribas

Rivian

Multinational bank BNP Paribas has said that Tesla Inc. (NASDAQ:TSLA) rivals Rivian Automotive Inc. (NASDAQ:RIVN) and Lucid Group Inc. (NASDAQ:LCID) could benefit from U.S. President Donald Trump's Big Beautiful Bill.

What Happened: "Similarly to RIVN, we do believe LCID stands to benefit from reduced EV competition as OEMs deemphasize US EV ambitions," a BNP analyst cited by Bloomberg said on Thursday.

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