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InsideEVs
InsideEVs
Technology

Rivian Dangles A $5 Billion Payday For RJ Scaringe. Here's What It Will Take

RJ Scaringe Rivian SEC Tesla Inc. InsideEVs
  • Rivian is offering CEO RJ Scaringe a new stock-based compensation package worth up to $5 billion
  • That's contingent on the company’s stock hitting $140 per share, plus strong performance, including profitability by 2032.
  • Scaringe’s base salary doubles to $2 million, and he also receives a 10% stake in Rivian’s new “Mind Robotics” subsidiary focused on physical AI.
     
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