Tesla Rival Rivian Sees 24% Sales Surge In November Amid CEO RJ Scaringe's EV Credit Comments, Elon Musk-Style Pay Package

Benzinga 2025-12-03

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Rivian sold more than 4,500 R1T and R1S vehicles in November, up from both October and last year, as CEO RJ Scaringe said Trump’s rollback of the EV credit could benefit the company by reducing competition. SEC filings show Scaringe sold nearly 70,000 shares, while shareholders approved a performance-based pay package worth up to $4.6 billion. Shares traded at $17.34 in Wednesday’s pre-market session.

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