Tesla-Rival Rivian Could Lose A Major Revenue Stream Due To a
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Rivian Automotive Inc. may face a significant revenue loss due to budget cuts from President Trump's new bill, which relaxes Corporate Average Fuel Economy (CAFE) standards. This change could hinder Rivian's ability to sell Zero Emission Vehicle (ZEV) credits, potentially impacting its projected $325 million revenue for 2024. Despite this, Rivian has other revenue sources, including a minority stake in Also Inc., which recently reached a $1 billion valuation. Rivian continues to deliver vehicles, maintaining its guidance of 40-46k units for the year.
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