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Vaishali Prayag

Rivian Stock Is Trading Higher Friday: Weekly Recap

Rivian RIVN electric vehicle

Rivian

Rivian Automotive Inc. (NASDAQ:RIVN) shares are trading higher Friday as investors reacted to a series of expansion initiatives and product updates from the electric vehicle maker.

What To Know: On Tuesday, Rivian confirmed it will establish an East Coast headquarters in Atlanta, Georgia. The new office, set to open in late 2025, will serve as a complement to Rivian's $5 billion manufacturing facility under construction in Social Circle, Georgia. The Atlanta headquarters is expected to employ around 100 people by the end of next year, with the workforce growing to about 500 as operations ramp up.

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