Business Rundown: Biden's Billions To Rivian
17 Minuten
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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
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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