EV maker Rivian follows Tesla’s model with Elon Musk-style $4.6 billion pay package for CEO

Rivian CEO RJ Scaringe could earn up to $4.6 billion over a decade through a new compensation plan. This package, mirroring Elon Musk’s Tesla deal, links his rewards to ambitious stock price and profitability targets. The automaker aims to retain its founder and fuel growth, especially with the upcoming R2 SUV launch.