Electric car maker Rivian halts planned $5B Georgia EV plant, launches cheaper Tesla rival

Rivian Automotive said Thursday that it’s halting plans for a yet-to-be-constructed $5 billion plant in Georgia — the same day it launched a budget-conscious electric vehicle designed to rival Elon Musk’s Tesla.Production of its forthcoming R2 model — an electric, midsize SUV that can rev to 60 miles per hour in less than three seconds — will be diverted to the California-based automaker’s existing facility in Illinois.Rivian said the shift will allow it to start delivering the $45,000 vehicle as early as t ...