News Media

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June 23, 2022: Rivian opponents challenge $700M in local tax breaks for EV maker – The Atlanta Journal-Constitution * Opponents of the planned $5 billion Rivian electric vehicle factory asked a judge this week to overturn a Morgan County board’s approval of a rental agreement with the company, alleging the deal violates the state constitution. *

>> Click here to view the petition that has been filed with Morgan County Superior Court <<

June 20, 2022: Strong Demand For Rivian’s Electric Vehicles, Time To Buy? – Entrepreneur * “…it could be wise to steer clear from the stock because its weak fundamentals are not in sync with its premium valuation” *

June 16, 2022: Rivian SUV Reservation Holders To Wait Longer For Deliveries: Report; Is RIVN Stock A Buy? – Investor’s Business Daily * Rivian reported negative free cash flow of $1.452 billion in Q1/2022 and ended Q1 with $16.971 billion in cash and cash equivalents. The company will be bankrupt in less than 3 years if they can’t get the negative cash flow under control. Supply chain issues and time are not on their side. *

June 14, 2022: Elon Musk says that Lucid and Rivian are tracking toward bankruptcy – electrek.com  * Rivian lost $1.5 billion last quarter, and it has significant negative gross margins. If it keeps losing money on electric vehicles it sells and delivers, it will go bankrupt unless it can raise more money, which can be difficult without signs of the trajectory changing *

May 25, 2022: Rivian: Brass Ring or Trojan Horse? – Morgan County Citizen  * Opinion article from the Morgan County Citizen *

May 25, 2022: Morgan County signs off on Rivian tax deal; lawsuits threatened by Rivian opposition – Morgan County Citizen  * “It’s not as clear as the state is making it out to be,” said Christy. “I think all of these issues will eventually make their way to the Supreme Court at some point. The goal is to stop Rivian from coming here altogether. There is absolutely a legal fight coming.” *

May 15, 2022: Georgia Gov. Kemp, allies shield details of major Rivian deal from public view ahead of GOP primary – Just the News  * Critics accuse officials of keeping citizens out of the loop, using underhanded, backroom dealings. *

May 12, 2022: Rivian has been a train wreck since its IPO and an overall black eye for the EV industry – teslarati  * To say the Rivian story has been disappointing to us (and the Street) so far would be an understatement *

May 10, 2022: John Solomon blows the lid off disastrous Kemp-Rivian taxpayer boondoggle deals – rumble.com  * Interview with John Solomon on The John Fredericks Show *

May 9, 2022: In Ga. governor’s race, Perdue hits Kemp for $1.5B to Soros-tied Rivian; EV startup’s shares plunge – Just the News  * New questions surfaced about Kemp’s deal and Rivian’s economic viability on Monday, with the company stock price plunging 13% following reports that Ford will sell 8 million shares *

May 9, 2022: Rivian’s stock plunges on report that Ford is selling shares – CNN Business  * Rivian’s stock plunged 13% Monday as early investors jumped at their first opportunity to sell their shares — including, reportedly, Ford *

May 5, 2022: Rivian opponents hire second attorney – The Rockdale & Newton Citizen  * In addition to Environmental Law Specialist, Stack and Associates, Our Communities have expanded our legal team to include Litigation Specialist, John A. Christy with Scheeder, Wheeler, & Flint LLP *

May 3, 2022: Unproven EV Builder Rivian Receives the Largest Auto Subsidy Package in U.S. History – Good Jobs First  * Watchdog says a generation of Georgia residents will pay higher taxes and suffer under-resourced public services *

May 3, 2022: JDA accuses Morgan County tax official of conflict of interest in Rivian’s tax exemption deal, new meeting slated – Morgan County Citizen  * Please plan to attend -> The new meeting will be held on Thursday, May 12 at 9 a.m. on the second floor of the county administration building located at 150 E. Washington St. in Madison *

April 28, 2022: Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge – cnbc.com  * On Wednesday, Ford took a $5.4 billion loss on its 12% stake in Rivian. Amazon has a roughly 18% stake, according to FactSet, investing a total of more than $1.3 billion into the company. In its earnings report on Thursday, Amazon took a $7.6 billion loss on its stake in Rivian. *

April 29, 2022: Timeline: Rivian Timeline – Morgan County Citizen  * Timeline of events *

April 27, 2022: Morgan tax officials throw wrench in Rivian’s tax exemption deal; JDA accuses board of ‘illegal meeting’ – Morgan County Citizen  * JDA throws temper tantrum when things don’t go their way *

April 19, 2022: Residents slam state’s handling of Rivian project at public meeting – Atlanta Journal-Constitution * The company has not filed applications for any environmental permits yet, state agency says *
Note: The article above is also available on the AJC FaceBook page – with comment’s enabled

April 18, 2022: Energy & Environment – Rivian opportunity at risk – AXIOS.com   * Rivian’s vehicles are also launching into the teeth of unprecedented, industrywide supply chain disruptions that could delay or derail the company’s ambitious growth plans *

April 18, 2022: Business – Rivian CEO R.J. Scaringe: ‘Frustrating’ buying parts to build electric vehicles – New York Post   * Chip suppliers are skeptical of the young electric vehicle company’s capability …. The suppliers are instead allocating more chips to established customers *

April 6, 2022: JDA OKs resolution to seek state funds for Rivian land purchase – The Covington News   * This meeting was held with little, if any, advance notice to the public *

April 6, 2022: Why save it? Just pave it – a conservation easement at risk in Morgan County – SaportaReport   * An old article but still relevant. The property referenced in this article is where the proposed Rivian factory will be constructed *

April 6, 2022: JDA AGREES TO FLOAT $42 BILLION IN “PHANTOM BONDS” FOR FACEBOOK DEAL – Taxpayer’s Watchdog Group   * Another old article. This one brings back memories of another deal put together by our four-county JDA *

April 4, 2022: Lawsuit alleges breach of contract on farmland for Rivian site – Morgan County Citizen  * Interesting new turn of events *

April 4, 2022: Outside The Beltway with John Fredericks – Interview with David Perude begins at 3:30 in the video. – americasvoice.news   * The interview includes a new Perdue campaign ad that addresses the Rivian issue *

April 1, 2022: Anti-Rivian group plans protest, prayer vigil about environmental concerns – The Covington News

April 1, 2022: Rivian Warns of Continuing Losses for the Foreseeable Future in a Filing With the SEC – autoevolution.com

Quote from the article above: “We have incurred net losses since our inception, including net losses of $0.4 billion, $1.0 billion, and $4.7 billion for the years ended December 31, 2019, 2020, and 2021, respectively,” Rivian said in the filing. “We believe that we will continue to incur operating and net losses in the future while we grow, including following our initial generation of revenues from the sale of our vehicles […]. We do not expect to be profitable for the foreseeable future […] and we cannot assure you that we will ever achieve or be able to maintain profitability in the future.”

March 31, 2022: Rivian opponents plan show of solidarity against massive assembly plant – The Rockdale & Newton Citizen.com

March 24, 2022: Capacity Underutilization Will Hurt Stock Price – seekingalpha.com

March 22, 2022: Alan Verner rises to forefront of Rivian controversy – Morgan County Citizen

March 21, 2022: Rivian faces sales setback after Senate bill to open Georgia market for EVs stalls – Morgan County Citizen

March 19, 2022: Rivian Factory in Georgia Faces Opposition Due to Environmental Concerns – autoevolution.com

March 14, 2022: How an Electric Truck Factory Became a Lightning Rod in Georgia – The New York Times

March 8, 2022: Rivian is sued for allegedly misleading investors about electric vehicle prices – Reuters

March 6, 2022: A plan to bring Rivian’s electric truck plant to Georgia is raising questions. Among them: What will it cost taxpayers? – 11Alive

Feb 28, 2022: The Jolt: David Perdue targets Gov. Brian Kemp’s prized Rivian deal – Atlanta Journal-Constitution

Feb 22, 2022: MB McCart: Follow-up on the Rivian Situation – State of GA Looks to Take Control – mbmccart.substack.com

Feb 20, 2022: MB McCart: First Piece on Rivian – Concerns abound regarding the “mega-site” – mbmccart.substack.com

Feb 14, 2022: Anti-Rivian movement on the rise; meeting draws over 500, raises $15K, attracts slew of political candidates running for state offices – Morgan County Citizen

Feb 7, 2022: New developer revives plans for Kingston subdivision on Lake Oconee near Buckhead that will bring 750 homes to Morgan County – Morgan County Citizen

Feb 7, 2022: Green Startups Stumble, Accelerating Selloff of Risky Stocks
Once-hot electric-car makers and battery suppliers face investigations and doubts about technology – The Wall Street Journal

Feb 4, 2022: Amazon holiday earnings blow away expectations (thanks to Rivian), stock spikes – MarketWatch

Feb 1, 2022: Riden promises answers on Rivian; von Hanstein decries police presence at county meetings – Morgan County Citizen

Feb 1, 2022: New regional impact report urges ‘caution’ on Rivian development, deems auto plant ‘inconsistent’ with Morgan County’s Comprehensive Plan – Morgan County Citizen<

Jan 31, 2022: JDA asks to postpone Walton rezone hearing; JDA, attorney for opposition group both ask for a delay – Walton Tribune.com

Jan 31, 2022: Rivian plant criticized for risks to environment, culture as market setbacks arise – SaportaReport

Jan 31, 2022: Rivian rezoning postponed in Walton County, Anti-Rivian group hires legal representation – Morgan County Citizen

Jan 28, 2022: Rivian opponents hire attorney, turn focus to Walton planning meeting -The Covington News

Jan 26, 2022: Clemons: Kemp’s silence on Rivian here spoke volumes – Walton Tribune.com

Jan 28, 2022: ‘We don’t want you:’ A resounding rejection of Rivian – Lake Oconee News

Jan 28, 2022: Rivian plant will hurt rural Georgia, opponents say – 11 Alive

Jan 28, 2022: Rivian’s battery partnership with Samsung falls apart over ‘unacceptable’ demands by the electric truck maker – NotebookCheck

Jan 28, 2022: Georgia Today Audio, Neighbors of proposed $5 billion Rivian plant say ‘Not in our backyard’ – Georgia Public Broadcasting

Jan 28, 2022: Georgia Today Text, Neighbors of proposed $5 billion Rivian plant say ‘Not in our backyard’ – Georgia Public Broadcasting

Jan 28, 2022: ‘We don’t want you:’ A resounding rejection of Rivian – Lake Oconee News

Jan 27, 2022: Rivian responds to environmental criticism from residents near site – The Covington News

Jan 25, 2022: “Rivian go away” Anti-Rivian demonstrators flood JDA meeting in protest of $5 billion plant – Morgan County Citizen

Jan 25, 2022: Residents give JDA members a piece of their mind at Joint Development Authority (JDA) meeting – Boxcast

Jan 25, 2022: Rutledge Anti-Rivian group raises $125,000 to begin legal challenge – Morgan County Citizen

Jan 23, 2022: Rivian resistance group to launch legal challenge, pledges public protests against historic deal – Morgan County Citizen

Jan 22, 2022: Rivian’s Georgia electric vehicle plant sparks fears among neighbors – The Atlanta Journal-Constitution

Nov 23, 2021: Four-county metro Atlanta area in spotlight again with Rivian plant – The Atlanta Journal-Constitution

Nov 15, 2021: Expansion for Rivian approved by Normal [Illinois] Town Council – CI Proud

Aug. 31, 2021: Alan Verner retires after more than 20 years of service on the Joint Development Authority – Morgan County Citizen

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