Nov 26, 2024
The Biden-Harris administration announced a multi-billion dollar loan for electric vehicle (EV) maker Rivian Monday as the company continues to hemorrhage cash. Rivian lost $1.1 billion and saw its revenue fall nearly $500 million in the third quarter of 2024 as a slackening of consumer demand for… Lame Duck Biden Admin Cuts Massive Check For Failing EV Manufacturer
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