RIVN Stock Alert: Rivian Halts Construction of Georgia Plant

Electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) will make its upcoming R2 car in Illinois. It is also pausing work on a planned manufacturing plant in Georgia.  The Georgia state government had pledged $1.5 billion in “tax incentives” for the plant, which is expected to employ 7,500 people and make 400,000 cars per year.RIVN stock rose 13% on March 7 and another 5% overnight. It opened at $13.10 per share, a market capitalization of $12.7 billion.One More ThingCEO R.J. Scaringe pulled out “one more ...