Rivian Automotive Inc ( RIVN ) shares are continuing their climb Tuesday, hitting a new 52-week high, and building on strong gains from Monday’s session. Here’s what investors need to know.

RIVN stock is at important technical levels. See the complete data here.

What To Know: The rally is being fueled by Rivian's board approving a new 10-year, performance-based compensation plan for CEO RJ Scaringe, signaling significant confidence in the company’s long-term strategy.

Dubbed an “Elon Musk-style” package, the plan could be worth up to $4.6 billion if all milestones are met. It is heavily tied to ambitious stock price targets ranging from $40 to $140 over the next decade, along with new operating income and cash flow goals. This new structure replaces a previous plan with higher, less likely strike prices. Scaringe’s annual salary was also doubled to $2 million.

This news comes as Rivian prepares to roll out its new, more affordable R2 SUV. The company also recently announced the spin-off of its industrial AI unit, Mind Robotics, which secured $110 million in external seed funding, with Rivian retaining a minority stake.

Last Tuesday, Rivian reported a strong third-quarter revenue beat of $1.56 billion, up 78% year-over-year, and achieved its first-ever consolidated gross profit of $24 million.

Despite mixed analyst ratings, investors appear focused on the company’s operational momentum.

Benzinga Edge Rankings: Reflecting this positive action, Benzinga Edge rankings show a strong Momentum score of 77.66 for the stock.

RIVN Price Action: Rivian Automotive ( RIVN ) shares were up 6.34% at $17.45 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

Read Also: Goldman Flags Big A Problem For Cruises—And It Starts In The Caribbean

How To Buy RIVN Stock

By now you're likely curious about how to participate in the market for Rivian Automotive ( RIVN ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

Image: Shutterstock