
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.