All-electric automaker Rivian Automotive announced that it received a “conditional commitment” for a $6.6B loan from the U.S. Department of Energy. If finalized, the loan would be used to aid in the ...

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Vivek Ramaswamy criticized the Biden administration’s nearly $6 billion federal loan expected for Rivian’s manufacturing plant, labeling it as a “political shot." ...

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The Tesla rival was granted a $6.6 billion loan from the Department of Energy to restart construction of a stalled EV factory ...

Rivian, the EV startup based in California, was worth as much as $150 billion just three years ago before its stock price ...

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The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.