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Stock impact report

Rivian starts R2 EV production in Normal, Illinois [Yahoo! Finance]

Rivian Automotive, Inc. - Class A (RIVN) 
Company Research Source: Yahoo! Finance
An EF-1 tornado had struck the Normal facility just days earlier, peeling away part of the roof. Speaking to Bloomberg Television, Scaringe said the storm would not push back the R2 launch schedule. "The tornado went through the south end of the plant, and ripped the roof off the building, and knocked down some of the plant as well, and so the last 72 hours have been around the clock," he said. Material routing into the plant required adjustment, Scaringe added, though he was firm that "we're not making any changes to the plan." Buyers who take early delivery will pay $57,990 for a performance-trim "Launch Package" version, according to CNBC , which bundles 330 miles of range, dual motors, and permanent access to the Autonomy+ driver-assistance suite. A $53,990 option is slated to follow before year's end, according to TechCrunch Both figures represent a sharp departure from the $45,000 target Rivian spent years advertising. The cheapest R2 — now described by the company as start Show less Read more
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