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Stealth EV startup Rivian receives $50M state tax credit and praise from IL Governor
Secret electric vehicle startup Rivian Automotive continues to stride towards its goal to produce a line of self-driving cars aimed at the future. We recently reported that Rivian finalized their purchase of the massive Mitsubishi factory in Normal, IL in January with goals of starting production in 2020.
Illinois Governor Bruce Rauner met with Rivian last Wednesday to announce that the company will receive $49.5M in Edge tax credits from the state, provided they meet employment benchmarks. Edge tax credits which stands for “Economic Development for a Growing Economy” allow businesses to receive the state’s income tax revenue from employees.
Founded in 2009, Rivian has been operating in stealth mode for the last six years as the company underwent intense product development. The company was founded to create something completely different than any other competitors out there. The planned vehicle is described as, “sports-car quick, but a vehicle your whole family can fit into.”
Rivian’s founder RJ Scaringe has a doctorate from MIT’s Sloan Automotive Laboratory. Scaringe said that his interest in vehicles started at a very young age, and tinkered with cars throughout his life. While at MIT, Scaringe considered dropping out to pursue starting up his own automotive company. Eventually, after fielding a few investment offers, he decided to stay at MIT and finish up his degree.
Rivian purchased the Normal, Illinois plant for $2M in January, which doesn’t include the factory’s equipment that was purchased in a separate transaction. This strategy is very similar to one employed by Tesla when it first acquired the NUMMI plant in Fremont. Start-up manufacturers Lucid Motors and Faraday Future are heading a different route by building their factories from scratch.
“It’s essentially a new plant; it was commissioned in 1990. Mitsubishi did a great job keeping up with all of the equipment and invested massively in the early 2000’s, so the robotics are all in great shape. The paint shop is in great shape, the stamping operation is incredible. So it really is a unique facility, with millions of dollars of equipment sitting inside of it. We are really lucky we have found it!”
Governor Rauner expressed a deep interest in what the company is doing and the potential impact it could have on the state. Rivian’s deal with the state requires them to create 1,000 jobs over the next ten years, which is similar to the deal they struck with the local municipalities.
“I’ve spent 45 minutes talking with RJ, talking strategy and product development and it’s incredible what he’s doing… We are hoping to move many of their people here in Illinois, we are working with them on that, ” said Rauner in a public comment during the event at Rivian’s factory. Rauner previously founded and ran private equity firm GTCR, assets over $11B, and has a long track record of success in the business world with a net worth rumored to be above $1B.
While the company has not revealed their board of directors, former managing director of Mclaren Automotive Antony Sheriff lists himself as a member of the board on his LinkedIn. Sheriff is also on the board at Rimac Automotive and is the Executive Chairman of Princess Yachts. Scaringe said the company isn’t ready to announce how they are being funded currently but said that would eventually be revealed.
Stay tuned for more exclusive coverage from Teslarati as we learn more about Rivian’s exciting future and explore the company’s plans.
News
Verizon, AT&T and T-Mobile are trying to shut Starlink out before FCC vote
AT&T, Verizon and T-Mobile want 290 MHz cut from an FCC satellite plan before Thursday.
AT&T, Verizon and T-Mobile are asking the Federal Communications Commission to pull nearly 300 MHz of spectrum out of a proposal that would let satellite companies like SpaceX offer cell service directly to ordinary phones. The request lands one day before the agency votes on it.
The FCC will vote Thursday, October 29, on a notice of proposed rulemaking that would make an additional 482 MHz available for direct to device service, expanding the number of eligible bands from five to 13, according to the FCC fact sheet. It would also scrap the rule requiring a satellite operator to lease spectrum from carriers, replacing it with a certification that the operator has coexistence agreements in place or holds the terrestrial license itself.
That second path matters for SpaceX. As Teslarati reported earlier this month, SpaceX agreed to buy Grain Management’s nationwide 800 MHz portfolio to turn Starlink Mobile into a full US carrier, adding to the spectrum it already bought from EchoStar.
The carriers want two bands removed, 2.5 GHz and 3.45 GHz, which make up 290 MHz of the 482 MHz on the table. Through industry group CTIA, they argued that about 300 million users depend on those bands and that satellite operations in them are not technically feasible. T-Mobile, which calls 2.5 GHz the foundation of its Ultra Capacity 5G network, said in its own filing that satellite interference could wipe out up to 96% of a cell site’s uplink coverage area and cut uplink speeds by 88% to 99%.
Executives from all three carriers met with FCC staff on October 20, and T-Mobile CEO Srini Gopalan met separately with FCC Chairman Brendan Carr. T-Mobile’s role stands out because it is still SpaceX’s US launch partner for Starlink Mobile. The three carriers have also teamed up on their own satellite joint venture to pool spectrum, a move widely seen as a response to Starlink.
SpaceX is asking for the opposite. In an October 23 filing after meetings with FCC staff and commissioners’ offices, the company asked regulators to add the 902 to 928 MHz band to the proposal. “Doing so now saves time later,” SpaceX wrote. The company also asked the FCC to modernize interference rules and align satellite deployment requirements with those for terrestrial cell networks, saying the goal is to let satellite and ground networks work together so Americans stay connected wherever they are.
The carriers have not been shy about how they view SpaceX as a competitor. On Verizon’s third quarter earnings call Monday, its chief executive said Starlink Mobile “just can’t compete with a terrestrial network” and estimated SpaceX would need four to six years and $300 billion to $500 billion to build a full US carrier network.
Thursday’s vote will not settle which bands survive. Adopting the notice opens a public comment period, with final rules to come later in the proceeding. The FCC already considered and rejected 2.5 GHz for satellite coverage once, in 2024. SpaceX also is not the only satellite player watching: the FCC approved Amazon’s $11.6 billion acquisition of Globalstar on October 27, giving its planned direct to device fleet its own mobile satellite spectrum.
A Tesla Semi caught fire in Hayward, California, which caused both directions of traffic to shut down for hours before being completely reopened early on Wednesday, the California Highway Patrol said.
The fire occurred just after 5:30 local time in Hayward on Tuesday, as the Semi caught fire in the southbound lanes of I-880 before CHP officials made the decision to shut down both lanes of traffic due to potential risks from hazardous chemical smoke.
There were no injuries reported.
🚨 A Tesla Semi reportedly caught fire, with California Highway Patrol confirming. The Semi was on I-880 SB
An estimated 5,000 to 7,000 semi-truck and large commercial vehicle fires occur on U.S. roadways every year
— TESLARATI (@Teslarati) October 28, 2026
The cause of the fire is currently unknown, as neither Tesla nor the CHP have not determined a cause.
However, some images taken before the Semi was completely destroyed by the fire seem to indicate this might have been an older unit, as it appears to be one of the designs that Tesla shipped as part of its pilot program, before revising it and starting mass production just a month ago.
@Tslachan From on of the videos looks like it’s an old Semi (not the refresh version that recently started production) https://t.co/KzwmR2kXow
— Area Under The Curve 🎗️ (@AreaUnderCurve) October 28, 2026
At the time of publication, CHP had not returned our request for a comment for additional details, including the Semi involved and any potential collaboration on an investigation between the CHP and Tesla. We will update this story when we hear back from them.
The southbound lanes were reopened at 3:30 a.m. on Wednesday, with the northbound lanes opening last night a few hours after the fire began. The CHP did state that the lithium batteries were “incredibly difficult to extinguish,” according to NBC Bay Area.
The truck’s driver said that the Semi caught fire, but he did not have an explanation.
An estimated 5,000 to 7,000 semi-truck and large commercial vehicle fires occur on U.S. roadways every year.
Tesla’s launch of the “Emergency Drive Away” function a few months back offered owners a safe option to evacuate an area if they were in reasonable danger. The function finally got its first use in the real world, but it appears it was by mistake.
A video shared by u/Joshalander in the r/TeslaLounge subreddit recorded the instance from his vehicle and said the incident took place in Austin this past weekend during the city’s F1 Race.
“Was charging around 6 AM this past Sunday in Austin before heading to the F1 race and heard a pop. Looked over and saw the new emergency drive-away feature in action. Genuinely felt bad for the dude when he got out and realized what happened, since he looked exhausted and only seemed to half-read the prompts.”
🚨 Here’s the first look at Tesla’s Emergency Drive Away function in action:
Apparently this driver accidentally enabled it and drove forward; you can see the Supercharger pull with the car.
Tesla said previously this would cost up to $25k if not used properly. https://t.co/B4qQRrsO6B
— TESLARATI (@Teslarati) October 28, 2026
Emergency Drive Away unlatches the Supercharger connector from the vehicle, but still causes damage to both the car and the Supercharger. Tesla has said that it will cost up to $25,000 in repairs to have everything fixed back to normal.
Additionally, the company said that if it were not used in an emergency situation, the driver of the vehicle who activated the Emergency Drive Away feature would be responsible for all repair costs.
Tesla constitutes the following situations as reasonable justifications for activating the feature:
- You face an immediate threat to your life or personal safety.
- You must leave the area immediately.
- Exiting the vehicle is unsafe.
- Unplugging the charge connector would unreasonably delay your departure or expose you to a risk to your personal safety.
After using the feature, Tesla requires the driver to schedule Service so the car can be inspected.
Verizon, AT&T and T-Mobile are trying to shut Starlink out before FCC vote
Tesla Semi catches fire in California: what we know
