Business Rundown: Biden's Billions To Rivian

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December 6, 2024 • 16 mins

Last week the Biden administration announced the Department of Energy will give a federal loan of $6.6 billion to electric vehicle maker Rivian to build a new factory. Critics of this move say it is more wasteful spending that could be seen as a political shot at Tesla CEO and Trump ally, Elon Musk. Co-anchor of ‘The Big Money Show’ Taylor Riggs speaks with the founder and CEO of Island Capital Investments about why loaning money to Rivian may not be a good business move and how the Department of Government Efficiency might rein in big spending moves like this. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Business Rundown: Biden's Billions To Rivian