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Rivian, Tesla and Elon Musk
Elon Musk’s DOGE partner Vivek Ramaswamy says they’ll scrutinize $6.6 billion Biden loan to Tesla rival Rivian
Critics advise the incoming Trump administration to pull the plug on 'corporate-welfare loans handed out for political reasons'.
Lame-duck Biden administration loans $6.6B to struggling Tesla rival Rivian
Rivian, the EV startup based in California, was worth as much as $150 billion just three years ago before its stock price tanked since then.
Vivek Ramaswamy calls Rivian's $6.6 billion federal loan a 'political shot' at Elon Musk
The Tesla rival was granted a $6.6 billion loan from the Department of Energy to restart construction of a stalled EV factory in Georgia.
Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory that automaker paused
The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new US sales by 2030.
Biden Administration Approves $6.6 Billion Loan for Loss-Making EV Maker Rivian
In the closing days of President Biden’s administration, it is handing out billions of dollars in a loan to an electric vehicle maker, Rivian Automotive, even though the company has struggled to become profitable.
Vivek Ramaswamy pans Rivian’s expected $6B federal loan for Georgia factory
Vivek Ramaswamy criticized the Biden administration’s nearly $6 billion federal loan expected for Rivian’s manufacturing plant, labeling it as a “political shot."
EV maker Rivian gets $6.6 billion federal loan to finish Georgia plant
Rivian paused work on the plant earlier this year amid financial difficulties. The factory is supposed to produce midsize and crossover SUVs.
Biden Administration to Lend $6 Billion for Rivian E.V. Factory
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.
Biden administration seeking to finalize $6.6B loan to build EV factory before term ends
The Department of Energy (DOE) is working to finalize a $6 billion loan to fund construction for an electric vehicle facility in Georgia.
Biden Grants Rivian $6.6B Loan to Revive Stalled Georgia EV Factory
The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.
Rivian to use Biden administration loan to boost competitiveness of its EVs
Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in 2026.
Opinion
1d
on MSN
Opinion
Opinion | Biden Tosses Rivian a $6 Billion Lifeline
Consider the Biden Energy Department’s stunning $6 billion loan to struggling Rivian Automotive to make electric vehicles. We ...
4d
on MSN
Biden administration to loan Rivian $6.6B to build US factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia ...
4d
Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
The Biden administration has preliminarily said it would give a $6.6 billion loan to electric vehicle (EV) maker Rivian for a ...
FOX 5 Atlanta
4d
Biden administration giving Rivian $6.6B loan to build Georgia factory
SOCIAL CIRCLE, Ga. - President Joe
Biden
’s administration announced on Tuesday that the U.S. Department of Energy will make ...
4d
on MSN
Rivian receives conditional $6.6-billion federal loan for plant, new models
Irvine electric-vehicle maker Rivian has conditional approval for a $6.6-billion loan to fund the construction of a new plant ...
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