00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Rivian Automotive reported U.S. sales of more than 4,500 R1T and R1S vehicles
00:08in November, according to Benzinga. This is up from 3,944 in October,
00:14and higher than the 3,625 sold in November 2024. CEO R.J. Skirinj said,
00:23Trump's rollback of the $7,500 federal EV credit could help Rivian by reducing competition as
00:28legacy automakers' scale-back EV plans. Skirinj sold 69,890 shares worth over $1.13 million in
00:36November, according to SEC filings. Rivian's shareholders also approved a performance-based
00:41pay package for Skirinj valued at up to $4.6 billion over 10 years that includes both profit goals
00:47and stock price milestones for the automaker. Shares traded at $17.34 in pre-market trading on
00:53Wednesday. For all things money, visit Benzinga.com.
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