Tesla-Rival Rivian's $6.6 Billion Federal Loan Under Scrutiny As Trump Administration Reviews Funding - Tesla (NASDAQ:TSLA), Rivian Automotive (NASDAQ:RIVN)
1. Rivian's federal loan for Georgia plant faces uncertainty due to Trump's review. 2. Georgia's Senator warns suspension might create chaos for state federal grants. 3. Rivian commits to project, aiming for 7,500 jobs and significant EV production. 4. Plant will manufacture affordable R2 and R3 models, starting around $45,000. 5. Rivian targets annual production of 400,000 EVs by end of 2028.