MONROE TOWNSHIP, N.J. - TelAve -- On 9/23/25, a complaint was filed with the U.S. Department of Energy, Inspector General, alleging the $6.6 billion government loan to Rivian Automotive, Inc. ("Rivian) was made under fraudulent circumstances.

Specifically, the Inspector General complaint reads as follows:  "The Dept of Energy is making a $6.57 billion fraudulent loan to Rivian.  On 1/16/25, DoE announced the $6.57 loan.  The problem is Rivian generates about a $1 bill quarterly loss.  Rivian has never reported a net profit.  Rivian has never projected a profit.  Given the DoE requires loan recipients to have the means to repay the loans, the loan was clearly made under fraudulent conditions.  Please look into the Rivian loan application and approval process.  And see if there was any rational basis for initiating the $6.57 bill loan.  Since I don't believe the loan monies will be dispensed until Rivian's factory in Georgia starts construction, there's time to stop this fleecing of taxpayers.  I believe someone was paid off or was doing political favors to initiate the loan.  If not, what logical reason could there be for handing out a $6.57 billion loan to a company incurring $1+ bill quarterly losses?"

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Here's Rivian's historical quarterly losses since 2023:

1Q23 - $1.3 bill loss

2Q23 - $1.2 bill loss

3Q23 - $1.4 bill loss

4Q23 - $1.5 bill loss (full year '23 loss: $5.4 bill)

1Q24 - $1.4 bill loss

2Q24 - $1.5 bill loss

3Q24- $1.1 bill loss vs 10,018 vehicles sold... $109.8k loss per vehicle sold

4Q24 - $744.0 mill loss vs 14,183 vehicles sold... $52.5k loss per vehicle sold (full year '24 loss... $4.7 bill)

1Q25 - $545.0 mill loss vs. 8,640 vehicles sold... $63.1k loss per vehicle sold

2Q25 - $1.2 bill loss vs 10,661 vehicles delivered... $112.6k loss per vehicle sold