Rivian has finalized a significant $6.6 billion loan from the Department of Energy to support its upcoming factory in Georgia. The funding, part of the Advanced Technology Vehicle Manufacturing program, will aid in the construction process set to commence in 2026, with the first R2 SUVs anticipated by 2028. The loan is structured in two tranches, allowing Rivian to borrow up to $3.35 billion initially. Rivian faces scrutiny from Vivek Ramaswamy regarding the loan's terms and must meet specific performance milestones to access funds. Production was previously delayed, but the loan offers a path forward.