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Biden administration announces Rivian loan
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.
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
Rivian Secures $6.6 Billion Federal Loan for Georgia EV Plant
The plant is expected to produce the company’s R2 and R3 EV models, create 7,500 jobs, and expand Rivian’s footprint in the competitive EV market.
5h
on MSN
Why Rivian Stock Surged Higher Again Today
Rivian Automotiv e ( RIVN 3.04%) stock is on a roll. A recent move higher has gone into overdrive over the past two days.
24/7 Wall St. on MSN
5h
Rivian’s Loses Hit $19 Billion
Rivian will get a conditional loan from the federal government. However, the $6.6 billion does not mean its sales will rise.
7h
Where Will Rivian Be in 3 Years?
Down by 92% since its initial public offering (IPO) in021, Rivian Automotive (NASDAQ: RIVN) highlights the risks of buying a ...
Atlanta Journal-Constitution
12h
Biden’s Rivian lifeline highlights tough spot for Kemp on green energy incentives
The expected $6 billion federal loan to Rivian for its Georgia electric vehicle factory resurfaces a lingering divide over green energy incentives.
thedeepdive
5h
Federal Loan Throws Rivian a $6.6B Lifeline Amid Mounting Debt and Production Delays
The Biden-Harris administration has announced a $6.57 billion loan to Rivian Automotive (NASDAQ: RIVN) in a move aimed at bolstering the struggling electric vehicle manufacturer and expanding the ...
https//carbuzz
6h
Rivian Still Won't Give Us CarPlay, But The Alternative May Be Just As Good
Rivian isn't planning to bring CarPlay to its EV models, but it is bringing Google Cast along with updates to make the ...
8h
Tesla Has Best EV Under $50K, Rivian CEO Says In Praise Of Rival: 'It's A Great Brand'
Rivian CEO RJ Scaringe shared positive comments on Tesla while speaking at the LA Auto Show, calling the Model Y the best EV ...
8h
Hyundai Ioniq 9 Vs. Cadillac Vistiq Vs. Rivian R1S Vs. Kia EV9: Here’s How They Compare
Kia’s first all-electric three-row SUV, the EV9, is 197.2 inches long (8.39 inches shorter than the Vistiq), 77.9 inches wide ...
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