Rivians

The Biden administration is set to loan Rivian $6.6 billion to finish an EV factory in Georgia.Vivek Ramaswamy criticized the move as a “political shot across the bow” at fellow DOGE boss Elon Musk.President-elect Donald Trump has tapped Musk and Ramaswamy to help cut government spending.Rivian secured a vital loan…

Rivian Automotive (NASDAQ:) saw its shares slide more than 5% in premarket trading Wednesday after the electric vehicle (EV) maker reported worse-than-expected earnings for the fiscal Q1 2024.To be specific, Rivian posted a first-quarter adjusted loss per share of $1.24, wider than the expected loss per share of $1.15. However,…