Why Rivian Stock Jumped Monday

A fire damaged multiple vehicles at Rivian's manufacturing plant in Normal, Illinois, this weekend.Rivian Automotive (RIVN 2.62%) shares jumped as much as 5.4% Monday morning after an eventful weekend for the company. The move higher looks to be a bit of a relief rally on two fronts.As of 12:20 p.m. ET, shares of the electric vehicle (EV) maker remained higher by 2.6%. The move comes after reports that a fire at the company's sole manufacturing facility over the weekend damaged multiple electric vehicles bu ...