Rivian finalizes $6.6B loan for its Georgia factory

1. Rivian secured a $6.6 billion loan from the DOE for Georgia factory. 2. Loan split into two tranches: $3.35 billion and $2.62 billion. 3. Construction begins in 2026, with R2 SUVs launching in 2028. 4. Criticism arises from Ramaswamy about potential clawback of the loan. 5. Rivian must meet sales and design milestones to access loan funds.