RIVN Oct 2024 8.500 put
| Previous Close | 0.1300 |
| Open | 0.1800 |
| Bid | 0.1200 |
| Ask | 0.1500 |
| Strike | 8.50 |
| Expire Date | 2024-10-25 |
| Day's Range | 0.1100 - 0.2100 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 151 |
ReutersRivian applies for federal loan to restart Georgia EV factory construction
While Rivian has applied for a loan, the department has not made a final decision and the filing did not disclose the requested amount or terms. The EV maker had paused construction of its planned $5 billion factory in Georgia to prioritize speeding up the production of vehicles on the R2 midsize platform and conserving cash. Aiming to save $2.25 billion and speed up production, Rivian shifted the manufacturing of its R2 midsize SUV — set to compete with Tesla's Model Y — to its Illinois factory, with production slated to begin in 2026.
BloombergRivian Seeking Federal Loan to Restart Georgia EV Plant Project
(Bloomberg) -- Rivian Automotive Inc. has applied for a federal loan to fund construction of a new electric vehicle plant in Georgia, a project that had stalled after a cash crunch and change in strategy.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesWhat Do US Vehicle Regulators Have Against Tiny Cars?For a Master of Brutalist Provocations, a Modest Museum AppraisalMexico City Restricts Airbnb Rentals to Curb ‘Gentrification’NYC Schools Reverse Course on C
Barrons.comRivian Stock Falls. Production Is a Problem.
The company revises its 2024 production guidance midpoint to 48,000 vehicles, down from prior guidance of 57,000 vehicles.
