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Biden administration announces Rivian loan
Lame-duck Biden administration loans $6.6B to struggling Tesla rival Rivian
Rivian, the EV startup based in California, was worth as much as $150 billion just three years ago before its stock price tanked since then.
Biden Administration Approves $6.6 Billion Loan for Loss-Making EV Maker Rivian
In the closing days of President Biden’s administration, it is handing out billions of dollars in a loan to an electric vehicle maker, Rivian Automotive, even though the company has struggled to become profitable.
Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
The Biden administration has preliminarily said it would give a $6.6 billion loan to electric vehicle maker Rivian for a plant in Georgia. The administration said the loan would support the construction of a facility where Rivian will make up to 400,
4d
on MSN
Tesla says it has reached a ‘conditional’ settlement in Rivian trade secrets lawsuit
Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets.
2d
on MSN
Tesla Settles Lawsuit Against Rivian Over Claims It Stole Trade Secrets
The lawsuit originally accused Rivian of actively encouraging former Tesla employees to steal confidential information ...
Electrek
3d
Tesla and Rivian are settling their battery tech theft lawsuit
Tesla and Rivian have been embroiled in a lawsuit in which the former accused the latter of having stolen battery technology ...
cbtnews
2d
Tesla, Rivian near settlement in lawsuit over alleged trade secret theft
EV makers Tesla and Rivian are reportedly on the brink of settling a lawsuit in which Tesla accused Rivian of stealing its ...
1d
on MSN
Rivian CEO Says The Tesla Model Y Is Still The Best EV Under $50,000
The Model Y sets the bar, according to Rivian CEO RJ Scaringe. There's no denying the fact that the Tesla Model Y is the best ...
2d
Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft
The case started in 2020 when Tesla claimed Rivian hired ex-employees with sensitive documents. The terms of the settlement ...
Torque News
2d
Tesla Vs. Rivian Lawsuit Settlement - “An Alarming Pattern of Our Workers Poached By Rivian Were Caught Red-Handed Stealing Trade Secrets”
The lawsuit between two U.S. electric automakers, Tesla and Rivian, is nearing an end. Tesla alleges that Rivian poached ...
2d
Tesla, Rivian Agree to Settle Four-Year Trade Secrets Lawsuit
TSLA agrees to resolve a four-year-old trade secrets lawsuit with RIVN, provided that Rivian satisfies the settlement terms.
1d
on MSN
This Rivian R1T Vs. Tesla Cybertruck Test Proves EPA Range Isn't The Full Story
The second-generation Rivian R1S Dual Max has an EPA range of 420 miles compared to just 325 miles for the Tesla Cybertruck ...
1d
Rivian Shares Gain On Reports Of Conditional Settlement With Tesla, $6.6 Bln Loan Approval
Rivian Automotive Inc.'s shares gained around 13 percent on Monday's regular trading after reports emerged that the all-electric ...
4d
on MSN
Tesla and Rivian have reached a ‘conditional’ settlement in lawsuit over trade secrets
Tesla filed a lawsuit against Rivian in 2020 accusing the company of poaching its employees with a goal of obtaining trade ...
14h
on MSN
Tesla Stock Drops. It May Get Excluded From New California EV Credits.
Stock futures, and Tesla shares, were higher on Monday following President-elect Donald Trump’s Treasury Secretary pick Scott ...
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