Rivian's new Georgia EV factory in limbo

19 February 2025
Rivian's $6.6 billion federal loan for its new EV plant in Georgia is facing uncertainty, leaving the company and state officials unsure about the project's future funding.

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  • Anonymous

Anonymous, 19 Feb 2025It's a loan, not a grant. It will be repaid. Really? And from what?
They never generated any profit but a few billion $ loss each year, so talking about any repayment is hilarious. There is no guarantee they will be able to repay It.

  • Livewire

Why is so much land needed?

  • Anonymous

Interesting, any connections between Musk's DOGE and Rivian getting or not getting a loan?
Wouldn't be bad for Tesla if a competitor is "held down".

  • Anonymous

Anonymous, 19 Feb 2025That's €720,000 per job excluding construction jobs. First cars at the end of 2028, so a... moreIt's a loan, not a grant. It will be repaid.

  • Anonymous

That's €720,000 per job excluding construction jobs.
First cars at the end of 2028, so actually 2029 on market.
400,000 produced doesn't mean everything will be sold.
Doesn't look like a good investment for the taxpayer.

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