Rivian moves ahead with new plant in Georgia

Rivian's Future and Challenges - Rivian shares experienced a nearly 7% increase [1] - Rivian anticipates a slowdown in EV sales after September 30th, with a dip expected in Q4 and stabilization in 2026 [2] - Rivian is optimistic about future EV sales growth, especially with the $45,000 R2 model, with production starting next year in Illinois and in 2028 at the new facility [3] - Rivian aims for profitability and growing EV sales in the US with potential R3 model [3] - The Department of Energy has granted Rivian a $6.17 billion loan for facility construction [9] - The loan's future is uncertain, depending on the current administration's support [10][11] - A potential recession could impact EV sales [11] - There's no guarantee the plant will be producing 200,000-400,000 vehicles by 2030 [12] Corvette Recall - Approximately 100,000 Corvettes have been recalled due to a fire risk [4] - A cooling fan near the gas tank was spraying gasoline onto the engine during fueling, causing fires [6] - Despite the issue, GM is addressing the defect with a recall and stop sale [6] - The Corvette recall has not materially impacted the company's stock, which is down about 0.9% [7]