Update: Market Chatter: Rivian's Illinois Factory Hit by Tornado; No Injuries Reported
(Updates with the company's response in the last two paragraphs.)Rivian Automotive's (RIVN) factory in central Illinois was damaged by a tornado over the weekend, CNBC reported Monday, citing an internal message from CEO RJ Scaringe to employees Sunday night.The tornado struck an area used for parts storage for Rivian's R2 electric vehicle, which is expected to go on sale this spring, the report said.No injuries were reported, and operations in the damaged area are expected to resume this week, the report said.A Rivian spokesperson toldthat an EF-1 tornado touched down on the R2 plant on Friday evening, with Building 2 sustaining damage. The damaged area is closed for assessments, but no injuries were reported.The impacted area was primarily used for R2 logistics, and operations are expected to resume this week, the spokesperson added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $16.91, Change: $-0.32, Percent Change: -1.89%