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Rivian CEO RJ Scaringe hints at initial production of 20k-40k vehicles in 2021
Rivian CEO RJ Scaringe was recently profiled by The New York Times, and hidden among the stories about the all-electric car maker’s early design days was an inital production estimate for the R1T pickup truck and R1S SUV. In 2021, Rivian’s estimated first full year of rolling vehicles through the assembly line, Scaringe is anticipating 20,000 to 40,000 cars will be made.
The electric vehicle startup purchased its Normal, Illinois car factory from Misubishi in 2017. Since then, the Rivian team – which includes prior Mitsubishi plant workers – has been hard at work bringing the company up to a high-volume manufacturing level. Rivian’s progress is apparently going very well, and Scaringe has teased a few other projects underway for the facility such as an on-site food farm for employees.
Residents local to Rivian’s facility also appear to be giving their nod of approval to the car maker’s efforts. Earlier this week, the Normal City Council decided to move ahead with a request to rename Mitsubishi Motorway, the stretch of highway leading to Rivian’s plant, to Rivian Motorway. Another street with access to the factory is also in line for a rename – Sakura Lane will become Electric Avenue.
In driving the progress of the company, Scaringe was described as having a few parallels with Tesla’s Elon Musk. “Fortunately, my personality is one that I never lost confidence I could do it,” he told the Times. “That doesn’t mean I always knew how I was going to do it.” Musk’s matra that was repeated often in the early days of Tesla and SpaceX was similar. “If something is important enough, you do it, even if the odds are not in your favor,” he told interviewers on several occasions. Musk even admitted to the low probability of success for both of his primary companies, 10% for SpaceX, and ‘very very low’ for Tesla, specifically. Scaringe seems to have a bit of a better head start with Rivian from Tesla’s spearheading the electric vehicle industry.
A few interesting details about Rivian’s beginnings have made the rounds since the company unveiled its R1T and R1S flagship vehicles. For one, Scaringe set out to start a car company with the global environment in mind. He was a car person at heart, a Porsche fan in particular, but over time he realized there was a contradiction between what he loved and what his values were with regard to sustainability. Even the fuel-efficient sports car Rivian initially designed wasn’t good enough for what Scaringe wanted to achieve.
“In my heart and soul, I knew I wasn’t answering the fundamental question of why the world needs this company to be successful,” Scaringe is quoted as saying in the article.
He decided to start over with something else more aligned with his personal values after finishing the first car in 2011. From there, Rivian was born, built, developed, and now on the way to delivering its first all-electric adventure vehices by the end of next year. If there’s one thing that the Times piece made clear, it’s the level of dedication Scaringe and the Rivian team has put into making their R1T truck and R1S SUV a reality.
Rivian is still taking preorders on its website and aims to have its first vehicles delivered by the end of 2020.
Elon Musk
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla.
The Delaware Supreme Court has overturned a lower court ruling, reinstating Elon Musk’s 2018 compensation package originally valued at $56 billion but now worth approximately $139 billion due to Tesla’s soaring stock price.
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla. Musk quickly celebrated the outcome on X, stating that he felt “vindicated.” He also shared his gratitude to TSLA shareholders.
Delaware Supreme Court makes a decision
In a 49-page ruling Friday, the Delaware Supreme Court reversed Chancellor Kathaleen McCormick’s 2024 decision that voided the 2018 package over alleged board conflicts and inadequate shareholder disclosures. The high court acknowledged varying views on liability but agreed rescission was excessive, stating it “leaves Musk uncompensated for his time and efforts over a period of six years.”
The 2018 plan granted Musk options on about 304 million shares upon hitting aggressive milestones, all of which were achieved ahead of time. Shareholders overwhelmingly approved it initially in 2018 and ratified it once again in 2024 after the Delaware lower court struck it down. The case against Musk’s 2018 pay package was filed by plaintiff Richard Tornetta, who held just nine shares when the compensation plan was approved.
A hard-fought victory
As noted in a Reuters report, Tesla’s win avoids a potential $26 billion earnings hit from replacing the award at current prices. Tesla, now Texas-incorporated, had hedged with interim plans, including a November 2025 shareholder-approved package potentially worth $878 billion tied to Robotaxi and Optimus goals and other extremely aggressive operational milestones.
The saga surrounding Elon Musk’s 2018 pay package ultimately damaged Delaware’s corporate appeal, prompting a number of high-profile firms, such as Dropbox, Roblox, Trade Desk, and Coinbase, to follow Tesla’s exodus out of the state. What added more fuel to the issue was the fact that Tornetta’s legal team, following the lower court’s 2024 decision, demanded a fee request of more than $5.1 billion worth of TSLA stock, which was equal to an hourly rate of over $200,000.
Delaware Supreme Court Elon Musk 2018 Pay Package by Simon Alvarez
News
Tesla Cybercab tests are going on overdrive with production-ready units
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the vehicle being reported across social media this week.
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the autonomous two-seater being reported across social media this week. Based on videos of the vehicle that have been shared online, it appears that Cybercab tests are underway across multiple states.
Recent Cybercab sightings
Reports of Cybercab tests have ramped this week, with a vehicle that looked like a production-ready prototype being spotted at Apple’s Visitor Center in California. The vehicle in this sighting was interesting as it was equipped with a steering wheel. The vehicle also featured some changes to the design of its brake lights.
The Cybercab was also filmed testing at the Fremont factory’s test track, which also seemed to involve a vehicle that looked production-ready. This also seemed to be the case for a Cybercab that was spotted in Austin, Texas, which happened to be undergoing real-world tests. Overall, these sightings suggest that Cybercab testing is fully underway, and the vehicle is really moving towards production.
Production design all but finalized?
Recently, a near-production-ready Cybercab was showcased at Tesla’s Santana Row showroom in San Jose. The vehicle was equipped with frameless windows, dual windshield wipers, powered butterfly door struts, an extended front splitter, an updated lightbar, new wheel covers, and a license plate bracket. Interior updates include redesigned dash/door panels, refined seats with center cupholders, updated carpet, and what appeared to be improved legroom.
There seems to be a pretty good chance that the Cybercab’s design has been all but finalized, at least considering Elon Musk’s comments at the 2025 Annual Shareholder Meeting. During the event, Musk confirmed that the vehicle will enter production around April 2026, and its production targets will be quite ambitious.
News
Tesla gets a win in Sweden as union withdraws potentially “illegal” blockade
As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Swedish union Vision has withdrawn its sympathy blockade against Tesla’s planned service center and showroom in Kalmar. As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Vision’s decision to pull the blockade
Vision announced the blockade in early December, stating that it was targeting the administrative handling of Tesla’s facility permits in Kalmar municipality. The sympathy measure was expected to start Monday, but was formally withdrawn via documents sent to the Mediation Institute and Kalmar Municipality last week.
As noted in a Daggers Arbete report, plans for the strike were ultimately pulled after employer group SKR highlighted potential illegality under the Public Employment Act. Vision stressed its continued backing for the Swedish labor model, though Deputy negotiation manager Oskar Pettersson explained that the Vision union and IF Metall made the decision to cancel the planned strike together.
“We will not continue to challenge the regulations,” Petterson said. “The objection was of a technical nature. We made the assessment together with IF Metall that we were not in a position to challenge the legal assessment of whether we could take this particular action against Tesla. Therefore, we chose to revoke the notice itself.”
The SKR’s warning
Petterson also stated that SKR’s technical objection to the Vision union’s planned anti-Tesla strike framed the protest as an unauthorized act. “It was a legal assessment of the situation. Both for us and for IF Metall, it is important to be clear that we stand for the Swedish model. But we should not continue to challenge the regulations and risk getting judgments that lead nowhere in the application of the regulations,” he said.
Vision ultimately canceled its planned blockade against Tesla on December 9. With Vision’s withdrawal, few obstacles remain for Tesla’s long-planned Kalmar site. A foreign electrical firm completed work this fall, and Tesla’s Careers page currently lists a full-time service manager position based there, signaling an imminent opening.
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
Tesla Cybercab tests are going on overdrive with production-ready units
