The optimism returned to Wall Street on 10 November 2025, following a sharp rebound from the recent crash of Big Tech stocks. The tech-heavy Nasdaq Composite rose by 2.3% on Monday, but Rivian Automotive stood out, surging 7.75% to close at $16.41 per share. This outperformance saw Rivian beat Tesla's 3.66% gain at the start of the week, marking a significant milestone for the all-electric vehicle (EV) manufacturer.
Rivian, valued at around $20 billion, has garnered considerable attention, primarily due to its latest upgraded pay package for CEO RJ Scaringe. The move comes amidst renewed investor interest in EV companies amid broader market recovery.
