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Rivian and Plug Power close government loan deals just before Trump takes office - MarketWatch

1. Rivian secured $6.6 billion DOE loan for a GA manufacturing plant. 2. Construction set for 2026, aiming to create 7,500 jobs by 2028. 3. Investor concerns eased over potential loan cancellation under Trump administration. 4. Rivian shares rose 3.2% after announcing the loan agreement. 5. Stock increased 42.7% over the last three months.

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FAQ

Why Bullish?

The secured loan supports Rivian's growth, similar to Tesla's past funding successes.

How important is it?

Funding directly influences Rivian's strategic growth, crucial for investor confidence.

Why Long Term?

The substantial investment projects Rivian's future profitability, reminiscent of traditional automotive launches.

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