Donald Trump’s designated government efficiency co-czar, Vivek Ramaswamy, signaled his intention to scrutinize a loan granted by the Biden administration to EV manufacturer Rivian, a rival of Tesla. Ramaswamy, the founder of several biotech firms collectively known as the “Vants,” is due to take charge of the quasi-official Department of Government Efficiency, or DOGE, once Trump is sworn in.

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Benzinga

New York

United States

Musk Ally Ramaswamy Takes Aim At Biden's $6.6B Loan To Tesla Rival Rivian - Tesla (NASDAQ:TSLA)

Newly appointed government efficiency co-czar Vivek Ramaswamy says he will scrutinize a loan issued by the Biden administration to electric vehicle (EV) manufacturer Rivian, a rival of Tesla Inc. (NASDAQ:TSLA). What Happened: Ramaswamy, a biotech entrepreneur, will lead the Department of Government Efficiency (DOGE) alongside Tesla CEO Elon Musk following President-elect Donald Trump‘s inauguration. Ramaswamy recently criticized President Joe Bi…

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Media Bias/Fact Check

The Tesla rival was granted a $6.6 billion loan from the Department of Energy to restart construction of a stalled EV factory in Georgia.

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Business Insider

Vivek Ramaswamy calls Rivian's $6.6 billion federal loan a 'political shot' at Elon Musk

Critics advise the incoming Trump administration to pull the plug on 'corporate-welfare loans handed out for political reasons'.

Fortune

Chatchaval Jiaravanon

Elon Musk’s DOGE partner Vivek Ramaswamy says they’ll scrutinize $6.6 billion Biden loan to Tesla rival Rivian

Ramaswamy criticised Biden's justification for Rivian's loan, which emphasised the creation of 7,500 jobs, as exorbitantly expensive. He argued that the cost per job was excessive and hinted that the loan may serve political purposes, particularly in weakening Musk’s Tesla

Firstpost News

Mukesh Ambani

Mumbai

Maharashtra

India

Elon Musk & Vivek Ramaswamy’s DOGE to scrutinise $6.6bn loan to Tesla rival Rivian by Biden admin

All-electric automaker Rivian Automotive has announced that it received a “conditional commitment” for a $6.6B loan from Department of Energy.

Just the News

Washington

District of Columbia

Federal loan to struggling EV automaker under fire

Vivek Ramaswamy criticized the Biden administration’s nearly $6 billion federal loan expected for Rivian’s manufacturing plant, labeling it as a “poli

Cox Enterprises

Atlanta

Fulton County

Georgia

Ramaswamy pans Rivian’s expected $6B federal loan for Georgia factory

Vivek Ramaswamy criticized the Biden administration’s nearly $6 billion federal loan expected for Rivian’s electric vehicle manufacturing plant, labeling it as a “political shot” at Tesla boss and billionaire Elon Musk.

New Hampshire Union Leader

New Hampshire

Vivek Ramaswamy pans Rivian’s expected $6B federal loan for Georgia factory

(The Center Square) – All-electric automaker Rivian Automotive announced on Monday that it received a “conditional commitment” for a $6.6B loan from the U.S. Department of Energy.

The Center Square

Franklin News Foundation

Musk emerged as a key donor and political operative for President-elect Donald Trump during the presidential contest against Vice President Kamala Harris. Since the election, Trump has tapped Musk and Ramaswamy for a role in an effort to slash the federal government.
Musk’s Tesla was granted a…

BizToc

A $6 billion dollar federal loan to electric vehicle manufacturer Rivian is expected to restart construction of a $5 billion dollar vehicle and battery plant in Morgan and Walton counties.
The project was expected to create 7,500 jobs when it was announced in late 2021. But it appeared in doubt last March when Rivian unveiled plans to build its new R2 crossover models at a factory in Illinois instead of in Georgia. The loan from the U.S. Departm…

Elon Musk’s DOGE partner Vivek Ramaswamy says they’ll scrutinize $6.6 billion Biden loan to Tesla rival Rivian

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