Rivian Automotive Stock News

The company's shares have started the week on a tear, despite the expectation that Donald Trump will eliminate EV tax credits.

Electric vehicle makers are in a rough spot. Apart from trailblazer Tesla (NASDAQ: TSLA), other EV stocks have seen significant losses throughout 2024 — driven primarily by a challenging macro environment and the fact that traditional carmakers have largely entered the market, leveraging their scale to dash the hopes of ambitious newcomers.

Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker restart construction of a massive factory in Georgia.

Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia.

IRVINE, Calif.--(BUSINESS WIRE)--American all-electric automaker Rivian Automotive (NASDAQ: RIVN) today announced it has received conditional commitment from the U.S. Department of Energy's Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its gro...

Rivian Automotive Inc (NASDAQ: RIVN) is up 13% today after California said it will revive incentives for EV buyers if Donald Trump moves to terminate the federal electric vehicle tax credits. Gov.

The end of the year, a typically bullish period for the S&P 500 Index (SPX), is quickly approaching.

Shares of Rivian Automotive (RIVN 12.89%) were trading higher on Monday after California's governor said that his state could provide rebates to electric vehicle (EV) buyers if President-elect Donald Trump ends federal EV tax credits.