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Stock impact report

Rivian and Lucid can operate like Tesla after new legislative win [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
adhere to state dealership franchise laws that have been in place for decades, but now rivals EV Rivian and Lucid are getting the same treatment in at least one state. The traditional dealership model forces consumers to visit showrooms where a third party acts as a middleman in the sale of the vehicle to them. "By bypassing the dealership, Tesla offers customers a more transparent buying experience with set prices and minimal negotiations," according to experts at Jupiter Chevrolet . "The company has turned its online platform into a one-stop shop where consumers can browse models, configure their vehicles, and make purchases, all from the comfort of their home." Car dealerships started convincing states to enact franchise laws in the 1930s, according to The Week . But from the 30s to the 50s, as laws were put on the books, GM , Chrysler, and Ford came to dominate sales while dealerships remained more like mom-and-pop operations. More EV news Consumer Reports names 5 popula Show less Read more
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