Fate of Rivian’s $6.6 billion federal loan—secured in the dying hours of the Biden administration—no

[rangerrebew]

Fate of Rivian’s $6.6 billion federal loan—secured in the dying hours of the Biden administration—now hangs in the balance
Story by Christiaan Hetzner • 18h

Georgia Gov. Brian Kemp said he didn’t know whether the Trump administration would honor the contracts of the Biden administration in a warning delivered right before Rivian’s key Q4 results. If the loan is canceled, Tesla CEO Elon Musk stands to benefit the most.
 
Rivian’s most ambitious investment project to date could be at risk, after Georgia Gov. Brian Kemp warned disbursement of a $6.6 billion U.S. federal loan had been put on hold.

The automaker secured the financing through a dedicated Department of Energy program in the dying days of the Biden administration. The funds are needed to erect a manufacturing plant that can build its next-generation R2 electric cars at scale.
 
To date, the most famous recipient of the DOE program’s funding is Tesla. Even though the conditions attached can be onerous—CEO Elon Musk chose to repay his as early as possible—that didn’t stop the Trump transition team from pledging to investigate the deal.   

https://www.msn.com/en-us/money/companies/fate-of-rivian-s-6-6-billion-federal-loan-secured-in-the-dying-hours-of-the-biden-administration-now-hangs-in-the-balance/ar-AA1znvGX?ocid=widgetonlockscreen&cvid=bb80dc84df4f4b3080133049a53c8d97&ei=93

[rangerrebew]

Tesla CEO Elon Musk stands to benefit the most.
 
 To date, the most famous recipient of the DOE program’s funding is Tesla. Even though the conditions attached can be onerous—CEO Elon Musk chose to repay his as early as possible—that didn’t stop the Trump transition team from pledging to investigate the deal.   
 

I thought this was a news article about Rivian, not an editorial.

[IsailedawayfromFR]

If the loan is canceled, Tesla CEO Elon Musk stands to benefit the most.

BS - ICE companies will benefit the most, as well as the American people

[Fishrrman]

Claw the money back.
Let Rivian sink or swim on its own.