RIVN May 2024 9.000 call
| Previous Close | 1.4500 |
| Open | 1.1200 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 9.00 |
| Expire Date | 2024-05-24 |
| Day's Range | 1.0800 - 1.6500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 990 |
Business WireRivian Hires Javier Varela as Chief Operations Officer
IRVINE, Calif., May 03, 2024--Rivian Automotive, Inc. (NASDAQ: RIVN) announced today Javier Varela will join as its Chief Operations Officer as the company focuses on optimizing operational efficiencies, including the production of R2, its midsized SUV. Varela joins Rivian from Volvo Cars, where he served as Chief Operating Officer and Deputy Chief Executive Officer. Varela will start at Rivian in August and will report directly to Rivian Founder and Chief Executive Officer RJ Scaringe.
- 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.
