Shares of Rivian Automotive Inc ( RIVN ) fell sharply by 6.5% to $13.29 Tuesday following President Donald Trump's repeal of a 2021 executive order by former President Joe Biden, which had set a target for 50% of new vehicles sold in the U.S. to be electric by 2030.

The policy shift freezes unspent funds from a $5 billion EV charging infrastructure program and signals a reassessment of emissions regulations requiring automakers to sell up to 56% EVs by 2032 to meet federal standards.

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What To Know: Rivian, known for its premium electric trucks, SUVs and delivery vans, is particularly exposed to these changes. The potential repeal of the $7,500 federal tax credit for EV buyers could dampen demand for Rivian’s vehicles, which already face steep price points compared to traditional gas-powered models.

The company's growth also relies heavily on expanding EV infrastructure, which could slow as federal funds are redirected.

Furthermore, Trump's challenge to California's zero-emission vehicle mandates—adopted by 11 other states—introduces additional uncertainty for Rivian, whose sales could suffer in markets where emissions rules drive EV adoption.

The sweeping rollback of federal EV policies underscores significant near-term challenges for Rivian and other emerging EV manufacturers reliant on government incentives and infrastructure investment.

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Price Action: Rivian stock is lower by 1.3% to $13.12 during Wednesday’s pre-market session. Investors can gain exposure to RIVN by investing in the iShares Self-Driving EV and Tech ETF .

How To Buy RIVN Stock

By now you're likely curious about how to participate in the market for Rivian Automotive ( RIVN ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the case of Rivian Automotive ( RIVN ), which is trading at $13.29 as of publishing time, $100 would buy you 7.52 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, RIVN has a 52-week high of $18.86 and a 52-week low of $8.26.