Biden finalizes major loan to EV-maker Rivian days before Trump’s inauguration
The Biden administration closed on a huge loan to electric vehicle (EV) maker Rivian just days before President-elect Donald Trump takes office. of $6.57 billion loan The company will finance an electric vehicle factory in Georgia that currently specializes in luxury cars, where it will produce SUVs and crossovers. In a press release, the Department […]
Biden Administration Lends $6 Billion to Troubled Rivian for Electric Vehicle Factory
The Biden administration has agreed to loan troubled electric car maker Rivian $6 billion to build a new factory near Atlanta, Georgia, a huge sum from an administration loving EVs. This is assistance. of new york times report The Biden administration announced a $6 billion loan to Rivian, which makes electric vehicles and has struggled […]
Biden administration loans $6.6B to struggling Tesla rival Rivian
Shares of the struggling electric car maker that competes with Tesla have soared this week after the lame-duck Biden administration loaned the company billions of dollars. The Department of Energy announced Tuesday that it will provide Rivian with a $6.6 billion loan to build a $5 billion electric vehicle factory in Georgia that the company […]
Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
The Biden administration previously announced it would provide electric vehicle maker Rivian with a $6.6 billion loan to build a factory in Georgia. The administration said the loan will help Rivian build a facility to produce up to 400,000 “mass-market” electric SUVs and crossovers. Specifically, the company plans to help build Rivian's R2 and R3 […]
Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture
Michael Buschbacher, Partner at Boyden Gray PLLC, discusses concerns about electric vehicle mandates on “The Bottom Line.” Rivian stock soared more than 15% on Wednesday after the electric car maker announced a $5.8 billion investment from German automaker Volkswagen as part of a joint venture. After Trump was elected president for a second time, Rivian […]
Could Buying Rivian Automotive Stock Today Set You Up for Life? – The Motley Fool
The EV maker's stock price has fallen to nearly 90% below its public offering price. Rivian Automotive (Riven -0.79%) The company attracted a bullish crowd with its IPO on November 9, 2021. The electric vehicle (EV) maker went public at $78 per share, and after opening at $106.75, the stock reached an all-time high of […]