RIVN May 2024 9.000 put
| Previous Close | 0.4600 |
| Open | 0.5600 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 9.00 |
| Expire Date | 2024-05-10 |
| Day's Range | 0.3800 - 0.6400 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
- 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.
ReutersRivian receives $827 million in incentives to expand Illinois facility, shares jump
The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close. With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles. The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.
Business WireRivian to Receive $827M in Illinois State Funding to Expand Normal, IL Facility
NORMAL, Ill., May 02, 2024--Rivian Automotive, Inc. (NASDAQ: RIVN) announced today it has received an $827M incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will allow the company to expand operations at its plant in Normal, IL. The funds from the incentive package will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivian’s workforce, leading up to the company’s production of its midsized SU
