Rivian Stock Rises. How $6.6 Billion From Biden Can Reignite the EV Maker.
The company's shares have started the week on a tear, despite the expectation that Donald Trump will eliminate EV tax credits.
Rivian Automotive Shares Rise 7% on $6.6B Loan to Expand EV Production
Shares of Rivian Automotive shares were 7% higher in premarket trading after receiving conditional approval for a loan of up to $6.6 billion to boost its EV production capability. Shares were trading around $12.41. The stock is down 51% on the year.
Rivian Gets Conditional Approval For $6.6B DOE Loan For New Georgia EV Plant
Electric automaker Rivian Automotive revealed on Tuesday that it has received conditional approval for a loan of up to $6.6 billion under the U.S. Department of Energy's (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program to expand its electric vehicle manufacturing in the United States.
Rivian Wins Approval for $6.6 Billion Loan for Georgia Plant
Rivian Automotive Inc. won preliminary approval for a $6.6 billion federal loan that will help support the construction of its delayed Georgia electric-vehicle plant.
Rivian snags $6.6B conditional federal loan to build Georgia factory
Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker restart construction of a massive factory in Georgia.
Rivian Receives Conditional $6.6 Billion U.S. Loan to Expand EV Production
The conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing program includes $6 billion in principal and approximately $600 million in capitalized interest.
Rivian gets $6.6 billion conditional loan approval to build Georgia EV plant
Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia. The announcement comes ahead of the inauguration of President-elect Donald Trump,
Rivian gets $6.6B conditional loan approval for Georgia EV plant
Car manufacturer Rivian (NASDAQ:RIVN) received conditional approval for loan up to $6.6 billion from the U.S. Department of Energy’s to support the construction of its EV manufacturing plant in Georgia.
These Stocks Are Moving the Most Today: Rivian, Super Micro, Zoom, Semtech, Dell, CrowdStrike, Leslie’s, and More
Rivian receives a loan of up to $6.6 billion from the U.S. government to boost electric-vehicle production, while Super Micro ...
Rivian Rides High: $6.6 Billion DOE Loan Commitment Fuels EV Expansion
Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading higher premarket on Tuesday. The company disclosed a conditional ...
Tesla And Rivian Finally Approaching A Settlement Over Tech Theft Lawsuit
Good morning! It’s Monday, November 25, and this is The Morning Shift, your daily roundup of the top automotive headlines ...
Rivian gets $6.6 bln conditional loan approval to build Georgia EV plant
Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of ...
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Rivian poised to get $6B federal loan to build Georgia factory
The U.S. Department of Energy on Tuesday announced it expects to award electric vehicle startup Rivian a nearly $6 billion loan to start construction of its long-promised factory in Georgia, a ...
Esquire's Cars of the Year: The Rivian Tri-Motor R1S Tops the List
Big, brash, and full of swagger, the Rivian is proof that America can build a no-compromise, all-electric SUV. Plus, here are ...
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Rivian CEO: Dealer Laws Block Consumer Choice
RJ Scaringe said laws that were created to protect dealerships are now barriers for EV makers' direct-to-consumer sales ...
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 ...