Rivian Automotive, Inc. (RIVN)
After hours:
| Previous Close | 9.83 |
| Open | 10.13 |
| Bid | 10.07 x 5400 |
| Ask | 10.10 x 10800 |
| Day's Range | 9.90 - 10.41 |
| 52 Week Range | 8.26 - 28.06 |
| Volume | |
| Avg. Volume | 46,142,672 |
| Market Cap | 10.023B |
| Beta (5Y Monthly) | 1.89 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Yahoo Finance
What the Tesla Supercharger layoffs could mean for America's EV buildout
The latest layoffs at Tesla this week cut close to the bone of the EV pioneer’s big competitive advantage — its ubiquitous Supercharger network.
- Reuters
EV startup Rivian hires Volvo veteran Varela as operations chief
Volvo said earlier this week that Varela would leave the Swedish truck maker after an eight-year stint that saw him rise to the role of deputy CEO and COO in 2022. He will join Rivian in August, replacing Frank Klein who had been operations head since 2022 and is stepping down after helping with the ramp-up of the R1 SUVs and pickups. "Varela will be central to the company's growth and profitability," Rivian said.
- Reuters
UPDATE 1-Rivian receives $827 mln incentive package to expand Illinois facility
Rivian Automotive said on Thursday it has received $827 million in incentives from the State of Illinois to expand operations at its Normal facility in the state. The company's shares rose nearly 7% in afternoon trade. Its less expensive R2 model unveiled in March would be produced at its first plant in Normal, Illinois, it had then said.
