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The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.
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The Biden administration has reversed a rule issued under U.S. President Donald Trump that sought to quash California's vehicle emissions regulations.
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Tesla Motors is offering common stock and convertible senior notes to repay a loan received from the Department of Energy. The offerings are being led by CEO Elon Musk.
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