Market
Impact of $6.6B loan on Rivian's stock price by March 31, 2025?
3
Resolution / Starting Odds
Stock price increases by more than 20% • 25%
Stock price increases by 10% to 20% • 25%
Stock price changes by less than 10% • 25%
Stock price decreases • 25%
Stock price analysis from financial market data
Story
Biden Administration to Finalize $6.6B for Rivian and $1.7B for Plug Power Before Trump Inauguration
Jan 16, 2025, 11:02 AM
The Biden administration is set to finalize substantial funding for electric vehicle manufacturers Rivian and Plug Power before President Trump's inauguration. The financing includes a federal loan for Rivian's Georgia EV plant, reportedly amounting to $6.6 billion, and a $1.7 billion loan for Plug Power to construct hydrogen plants. This decision is part of a broader initiative by the administration, which has allocated approximately $80 billion in loans over four years aimed at reindustrializing the U.S. economy. The announcement comes as the administration seeks to bolster the electric vehicle and hydrogen sectors in the final days of its term.
View original story
Similar markets
Rivian outperforms Tesla • 25%
Both decline • 25%
Rivian performs the same as Tesla • 25%
Rivian underperforms Tesla • 25%
Successful with positive impact • 25%
Unsuccessful with major issues • 25%
Inconclusive • 25%
Moderate success with some issues • 25%
