Why Rivian Stock Soared Today

1. Rivian's board approved a 10-year CEO compensation plan tied to performance. 2. Shares rallied after reporting $1.56 billion revenue, up 78% year-over-year. 3. First-ever gross profit of $24 million noted alongside high performance expectations. 4. Company spinoff of Mind Robotics raised $110 million, enhancing strategic positioning. 5. Despite a mixed analyst outlook, investors remain optimistic about long-term growth.