Rivian moves ahead with new plant in Georgia

Core Viewpoint - Rivian is optimistic about its future growth in electric vehicle (EV) sales despite anticipated challenges from the end of the federal EV tax credit, with plans for new models and production facilities [2][3][9]. Rivian's Future Plans - Rivian expects a dip in EV sales overall in the fourth quarter but anticipates stabilization in 2026 [2]. - The company plans to produce its R2 model, priced at $45,000, starting next year in Illinois, with an additional facility expected to begin production in 2028 [3]. - There are plans for an R3 model in the future, which will be an even lower-priced option [3]. Financial Support and Risks - The Department of Energy has provided Rivian with a $6.17 billion loan for the construction of its facility, but there are concerns about the loan's future under the current administration [9][10]. - Potential economic downturns could impact EV sales, and the success of Rivian's plans will depend on various factors playing out over the next few years [11][12].