Rivian Soars to 52-Week High After Tesla-Like CEO Package

Rivian has surprised investors: After the approval of a new compensation package for CEO RJ Scaringe a few days ago, the stock of the electric vehicle manufacturer soared to a 52-week high yesterday. The package, which could be worth up to $4.6 billion over ten years, is reminiscent of Elon Musk's model at Tesla – albeit on a significantly smaller scale. Nevertheless, it counts among the most generous compensation structures in the entire automotive industry and signals that Rivian has major ambitions to establish itself at the top of e-mobility...