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

Benzinga12-03

Rivian Automotive Inc. (NASDAQ:RIVN) sold over 4,500 units of its R1T and R1S Pickup trucks and SUVs, respectively, last month, data released by Motor Intelligence showed on Tuesday. This marks a ...

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(NASDAQ:RIVN) sold over 4,500 units of its R1T and R1S Pickup trucks and SUVs, respectively, last month, data released by Motor Intelligence showed on Tuesday. \nThis marks a ...</p>\n\n<a href=\"https://www.benzinga.com/news/travel/25/12/49179640/tesla-rival-rivian-sees-24-sales-surge-in-november-amid-ceo-rj-scaringes-ev-credit-comments-elon-musk-style-pay-package\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Rival Rivian Sees 24% Sales Surge In November Amid CEO RJ Scaringe's EV Credit Comments, Elon Musk-Style Pay Package</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Rival Rivian Sees 24% Sales Surge In November Amid CEO RJ Scaringe's EV Credit Comments, Elon Musk-Style Pay Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-03 19:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/travel/25/12/49179640/tesla-rival-rivian-sees-24-sales-surge-in-november-amid-ceo-rj-scaringes-ev-credit-comments-elon-musk-style-pay-package><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rivian Automotive Inc. (NASDAQ:RIVN) sold over 4,500 units of its R1T and R1S Pickup trucks and SUVs, respectively, last month, data released by Motor Intelligence showed on Tuesday. \nThis marks a ...</p>\n\n<a href=\"https://www.benzinga.com/news/travel/25/12/49179640/tesla-rival-rivian-sees-24-sales-surge-in-november-amid-ceo-rj-scaringes-ev-credit-comments-elon-musk-style-pay-package\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DXYZ","symbol_name":"Destiny Tech100 Inc","start_time":0,"source_url":"https://www.benzinga.com/news/travel/25/12/49179640/tesla-rival-rivian-sees-24-sales-surge-in-november-amid-ceo-rj-scaringes-ev-credit-comments-elon-musk-style-pay-package","article_id":"2588886043","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/03/Manhattan--New-York---August-10th-2023-T.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/news/travel/25/12/49179640/tesla-rival-rivian-sees-24-sales-surge-in-november-amid-ceo-rj-scaringes-ev-credit-comments-elon-musk-style-pay-package","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2588886043","pubTimestamp":1764759960,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Tesla rival Rivian saw an increase in sales in November, selling over 4,500 units of its R1T and R1S vehicles.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DXYZ":"Destiny Tech100 Inc","RIVN":"Rivian Automotive, Inc."},"translate_title":"由于首席执行官RJ Scaringe的电动汽车信用评论和Elon Musk式的薪酬方案，特斯拉竞争对手Rivian 11月份销量猛增24%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DXYZ":1.5,"RIVN":1.5},"content_text":"Rivian Automotive Inc. (NASDAQ:RIVN) sold over 4,500 units of its R1T and R1S Pickup trucks and SUVs, respectively, last month, data released by Motor Intelligence showed on Tuesday. \nThis marks a 14.1% increase in sales from October 2025's 3,944 units, the EV maker sold in the U.S., and a 24.1% YoY increase from November 2024's 3,625 vehicles. \nThe figures come as RJ Scaringe recently shared that President Donald Trump‘s rolling back of the $7,500 EV Federal EV Credit would be a positive development for the automaker as it “simplifies things in the medium to long term.” Scaringe also shared that the move translates to less competition for Rivian as legacy automakers pull back on EV developments.\nMeanwhile, the CEO recently sold over $1.13 million worth of the company's shares in November, selling a total of 69,890 shares of the automaker, according to recent SEC filings.\nRivian also revealed a performance-based pay package for Scaringe similar to the one for Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, which was approved by shareholders last month. The award could be worth up to $4.6 billion over 10 years and incorporates both profit goals and stock price milestones for the automaker.\nElsewhere, Ford Motor Co. (NYSE:F) recorded a sharp 60% decline in its EV sales during November, with the company's F-150 Lightning EV Pickup Truck sales falling more than 72% last month.\nAccording to Benzinga Edge Stock Rankings, RIVN scores well on the Momentum metric and offers satisfactory Growth. It also boasts a favourable price trend in the Short, Medium, and Long term. Sign up today to unlock exclusive insights!\nPrice Action: RIVN jumped 0.64% to $17.34 in Pre-market trading, according to Benzinga Pro data.\nCheck out more of Benzinga's Future Of Mobility coverage by following this link.\nRead Next:\nImage via Shutterstock","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588886043","isCrawlerRequest":true}