The Biden administration just pulled a last-minute "take the money and run" move that would make Bernie Madoff proud. But instead of offshore accounts, they're dumping billions ($8.6 Billion to be exact) into America's favorite money-burning EV startups. 

The big winner is Rivian - you know, that company that makes electric trucks for people who think Tesla is too mainstream. They're set to score a thicc $6.6B loan for their Georgia plant. To put that in perspective, that's about $880k per future job they're promising to create. Makes those PPP loans look like chump change, doesn't it?

But the EV handouts don’t stop there. Plug Power is also getting a $2B participation trophy in the form of a loan guarantee for hydrogen plants. Though someone apparently didn't get the memo about the celebration… some whale decided to dump 6 million shares of Rivian stock.

Here's where it gets interesting: Trump's crew is already sharpening their knives. Vivek "DOGE Whisperer" Ramaswamy has already called these loans "illegitimate & should be rescinded." 

Rivian's planning to build their Georgia dream factory across 1,744 acres, promising 7,500 jobs by 2030 (plus 2,000 construction gigs), with plans for 400,000 units of annual production capacity. That's a lot of electric trucks for a company that's losing $43,000 on every one they sell.

Let's talk about why this matters. Biden's DOE has basically become a $400B green piggy bank, but Trump's gang is planning to flip the script. Last time Trump was in office, he tried to kill this program. This time they’re talking about redirecting that government cheese to fossil fuels… because apparently, what the world needs now is more oil.

Here's the bottom line: Rivian better build that factory faster than a contestant on "Extreme Makeover: Home Edition" because the clock is ticking. And while their stock might be getting a rush from this news, remember the old saying: what goes up must come down. The real show starts when the new administration begins reviewing these "11th-hour transactions." 

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Stocks.News has positions in Rivian and Tesla mentioned in article.