Rivian DOE Loan for Georgia Plant Shrinks,Reports Smaller Q1 Loss than Expected
Monday, May 4th, 2026
Rivian (RIVN) reported first quarter earnings results that largely met expectations on Thursday as the pure-play EV maker navigates the launch of its highly anticipated R2 midsize SUV while managing its cash burn and vehicle production.
The company also announced tweaks to its upcoming Georgia facility, with the Department of Energy (DOE) shrinking its loan commitment.
Rivian stock fell over 5% in early trade Friday.
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