Rivian delays loan use to 2028 as Georgia plant nears launch
Rivian Automotive plans to utilize its US government loan only in 2028, aligning with the start of production at its Georgia factory, CFO Clair McDonough said Tuesday. The funding, first advanced under the Biden administration, will now coincide with the next US election year. Rivian shares are up just 1.5% in 2025, trailing Tesla 14% rise.