RIVN News Today, Nov 11: Rivian Soars on CEO’s New Incentive Plan
Rivian Automotive has made headlines this November with a surge in its stock price, driven largely by the announcement of a new performance-based compensation plan for CEO RJ Scaringe. The plan has been tied to ambitious stock price and profitability goals, reflecting a vote of confidence in Rivian’s long-term strategy. This announcement follows a strong Q3 revenue performance and a strategic spinoff of its industrial AI unit. As of today, the RIVN share price stands at $16.41, marking a notable 7.75% increase.
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