News
Rivian’s manufacturing plant moves closer to full-scale production, documents show
Rivian’s production plant in Normal, Illinois is moving swiftly toward its first days of full-scale production. New documents acquired by Teslarati show the automaker is applying for, submitting, and completing several new additions to its manufacturing plant that will soon begin cranking out builds of its all-electric R1T pickup.
Documents from the Normal, Illinois Inspection Department’s Monthly Permit and Project Summary for February 2021 show Rivian has recently submitted, had permits approved for, and is completing several add-ons to its new factory. While the plant sits at 100 Rivian Motorway, several other addresses on the documents apply to Rivian’s plans, including 100 Rivian Parkway, 301 Kerrick Road, 2430 Electric Avenue, and 2601 W. College Avenue.
With the production of the R1T planned for later this year and deliveries slated for June 2021, Rivian, headed by CEO RJ Scaringe, undoubtedly has major potential to make this year its biggest yet. Of course, delivering its first car to a customer would already be monumental for the company, but production and construction efforts were delayed in 2020 to this year due to the COVID-19 pandemic. Now, Rivian is working to put the finishing touches on its facility as production nears.
Rivian R1T spotted on public roads once again prior to launch
The portion of the documents that outlines the “Significant Projects” in the town of Normal is predominantly comprised of Rivian’s construction efforts at the facility. A breakdown of Rivian’s construction progress is as follows:
301 Kerrick Road
Rivian Lease Buildout – Framing & Roughs
100 Rivian Parkway
Main Entry Renovation – In Progress
Cable Tray Structural – In Progress
Start Me Up Offices – In Progress
North EOL Addition – In Progress
Skateboard Addition – In Progress
North Body Addition – Foundation Work
Cafeteria Remodel – In Progress
S17 Equipment Mezzanine – In Progress
Teams Room #3 – In Progress
Equipment Mezzanines – Foundations & Framing
Battery Mezzanine – Foundations & Framing
100 Rivian Motorway
Paint Shop Lab – Temporary Occupancy
Stamping/Final Assembly – Temporary Occupancy
Final Assembly Floor R1 – In Progress
Phase II Team Rooms, Paint Shop – In Progress
South End Plant Additions – Temporary Occupancy
West Plant Addition – Interior Buildout
2460 Electric Avenue
Service Station Building – In Progress
Vibration Test Lab Addition – Temporary Occupancy
2601 W. College Avenue
Warehouse Remodel – In Progress
Additionally, Rivian also recently submitted two new projects for 100 Rivian Parkway for Outbound Logistics and Phase 3-5 Team Rooms. Rivian was also granted three “Significant Construction Permits for the Month,” two at 100 Rivian Parkway ((Equipment Mezzanines – $11 million, Battery Mezzanine – $463k) and one at 301 Kerrick Road (Rivian Lease Buildout – $1.5 million).
It is worth noting that Rivian’s production facility has been under construction for several years, and was still being completed internally in April 2020, when the company broke the news regarding production delays. Luckily, the company has plenty of financial backing and recently rounded out a $2.65 billion investment round. Rivian recently announced it has partnered with Meridian Audio, and the R1T has been spotted several times in public ahead of initial production.
Documents regarding Rivian’s production facility are available below.
Rivian Normal Il Report February 2021 by Joey Klender on Scribd
Elon Musk
President Trump touts new Air Force One with Musk technology
President Donald Trump unveiled an upgraded Boeing 747-8 at Joint Base Andrews on June 19, 2026, describing the Qatar-gifted aircraft as an interim Air Force One equipped with advanced communications systems, including Starlink, Elon Musk’s SpaceX satellite internet service.
The plane, valued at around $400 million and modified for presidential use, serves as a bridge until the delayed VC-25B replacements arrive. Trump highlighted its luxury features and new technology during remarks to service members.
Trump stated:
“We have communication equipment up there that nobody’s ever seen before. It’s the highest level and, uh, including Starlink. My friend Elon is going to be very happy, but, uh, Starlink and we have, uh, four or five different sets of double and triple communications like people haven’t seen.”
He added:
“And it represents what can happen with hard work, innovation, and aggressive timelines because we did this quickly and yet there’s never been communication like is on this plane.”
🚨 President Trump confirmed today that the new Air Force One is equipped with Starlink:
“We have communication equipment up there that nobody’s ever seen before, it’s the highest level and including Starlink…my friend Elon is going to be very happy.” pic.twitter.com/IhkDmtr5hL
— TESLARATI (@Teslarati) June 20, 2026
The aircraft features a redesigned red, white, and blue livery and has been outfitted with Starlink satellite connectivity alongside other secure systems.
Trump praised the plane’s uniqueness, calling it among the world’s most luxurious. The gift from Qatar and subsequent modifications have drawn attention, with the jet positioned as a solution for presidential travel. It is expected to support operations, including potential ceremonial roles such as Fourth of July flyovers.
The event marked the formal introduction of the converted jet, which will help maintain capabilities while the primary Air Force One fleet undergoes modernization. Defense observers note the inclusion of commercial satellite technology like Starlink as part of efforts to ensure resilient communications, crucial to keep the country running as the President is in the sky.
President Trump’s comments underscored appreciation for rapid upgrades and innovation in equipping the aircraft. The plane remains a U.S. government asset and is slated for eventual transfer related to presidential library purposes after its service.
News
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
News
Elon Musk says this part of Tesla ‘makes no sense’
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.