Rivian Announces $827 Million From Illinois For Plant Expansion — Triggering Share Jump [Forbes]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Forbes
expansion of its plant in the city of Normal, furthering its investment in the facility about two months after it indefinitely paused plans for a in Georgia. Rivian's stock is down more than 44% in the past six months. (Photo by Justin Sullivan/Getty Images) Rivian's stock, which opened Thursday at $9.42, traded up as high as 9% before settling down to $9.83—up 6.7% on the day. The $827 million incentive package will be provided by the State of Illinois Department of Commerce & Economic Opportunity and be allocated toward the expansion of Rivian's plant and job training programs for its employees. Updates to Rivian's plant in Illinois will begin in the coming months, according to the announcement, as the plant continues to produce the automaker's R1S (SUV) and R1T (pickup truck) models alongside commercial electric delivery vehicles. The Rivian gains made Thursday contribute to a more than 14% increase in share price made in the last five days, though the automaker's share p
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RIVN
News
- Investors in Rivian Automotive, Inc. Should Contact Levi & Korsinsky Before June 18, 2024 to Discuss Your Rights - RIVNAccesswire
- Investors who lost money on Rivian Automotive, Inc. (RIVN) should contact Levi & Korsinsky about pending Class Action - RIVNAccesswire
- ROSEN, SKILLED INVESTOR COUNSEL, Encourages Rivian Automotive, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – RIVNGlobeNewswire
- RIVN LAWSUIT ALERT: Levi & Korsinsky Notifies Rivian Automotive, Inc. Investors of a Class Action Lawsuit and Upcoming DeadlineGlobeNewswire
- DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of RivianPR Newswire
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- RIVN's page on the SEC website