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Trump's tax plan won't help Tesla, but 2 other EV companies got a stock boost

  • Rivian and Lucid saw stock boosts after Trump's tax bill passed in the House, ending $7,500 EV tax credits in the fall.
  • The new tax bill could lower demand for EVs, impacting bigger automakers, as cars from companies selling over 200,000 EVs do not qualify for the tax credit.
  • Analysts suggest Tesla could be significantly impacted by the loss of the EV tax credit, potentially affecting sales volume.
  • Tesla, Rivian, and Lucid have experienced stock fluctuations this year, with concerns mounting over the implications of the tax credit elimination.

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