Rivian downsizes DOE loan to $4.5B for Georgia factory

• 🔌 Rivian has officially reworked its loan agreement with the U.S. Department of Energy for its upcoming Georgia manufacturing site.
• 💰 The revised deal reduces the expected borrowing amount to $4.5 billion, down from the original $6.6 billion estimate.
• 🏗️ The capital remains earmarked for the construction of the company's massive new electric vehicle production facility.