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Fortune
Fortune
Christiaan Hetzner

Fate of Rivian’s $6.6 billion federal loan—secured in the dying hours of the Biden administration—now hangs in the balance

Rivian Joe Biden Donald Trump Elon Musk Tesla Inc. Brian Kemp RJ Scaringe DOE United States
RJ Scaringe, chief executive officer and founder of Rivian Automotive Inc., during an unveiling event in Laguna Beach, California (Credit: Kyle Grillot—Bloomberg/Getty Images)
  • Georgia Gov. Brian Kemp said he didn’t know whether the Trump administration would honor the contracts of the Biden administration in a warning delivered right before Rivian’s key Q4 results. If the loan is canceled, Tesla CEO Elon Musk stands to benefit the most.

Rivian’s most ambitious investment project to date could be at risk, after Georgia Gov. Brian Kemp warned disbursement of a $6.6 billion U.S. federal loan had been put on hold.

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