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Rivian sets 2024 goals, including a 57,000 production target

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Rivian recently held its earnings call for Q4 and Full Year 2023. In its Update Letter, the electric vehicle (EV) company set its 2024 goals, including reaching a 57,000 unit production target. 

Rivian reported producing 57,232 R1 electric vehicles in 2023, delivering 50,122 units. It exceeded its original production guidance for last year by 7,000 EVs. Analysts noticed the discrepancy between Rivian’s production and delivery numbers in the fourth quarter of 2023, which was greater compared to previous quarters last year. However, Rivian’s delivery numbers improved by 147% between the fourth quarter of 2022 and 2023, revealing some growth in the company. 

Rivian set its production goals to 57,000, a little less than its production numbers for 2023. 

“We expect 2024 production to be flat year-over-year with total units of 57,000. The changes we plan to make in our R1 manufacturing line during the mid-year shutdown [sic] are designed to deliver greater plant efficiency with [the] production rate expected to improve by approximately 30%,” noted Rivian in its Update Letter.

The EV manufacturer’s goals for 2024 appear to center around efficiency and growth in other areas, including launching better platforms and technologies, improving cost efficiency, and enhancing customer experience. Rivian’s decision to focus on these areas will likely ease its transition when it eventually aims to increase production and deliveries. 

Rivian is set to unveil its R2 vehicle next month. The company plans to launch the electric R2 SUV in North America and Europe. The goals it set this year would probably make the R2’s production and deliveries run smoother.

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Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Tesla Australia Exec: No regulatory barriers for FSD release

Tesla’s FSD demonstrations have been quite impressive as of late.

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Credit: Tesla AI/X

Recent comments from Tesla’s Country Director for Australia and New Zealand Thom Drew have provided an exciting update for Full Self Driving’s upcoming release in Australia. As per the executive, there is currently no regulatory barrier to FSD being rolled out to Australian roads.

Drew’s comments came on the heels of a video demonstration featuring FSD Supervised navigating Melbourne’s central business district.

Tesla FSD’s Australia Demo

Shared by the Tesla AI team’s official account on social media platform X, FSD Supervised’s demonstration in Melbourne’s central business district sparked a lot of conversations online. Electric vehicle enthusiasts on X were quite impressed with the system’s capabilities to handle the city’s busy and crowded streets. Even more were pleasantly surprised when FSD Supervised performed a smooth hook turn in its demonstration.

In a comment to News.com.au, Drew emphasized that FSD’s global expansion is a priority for Tesla. “That’s Elon’s push. We have a global engineering team that are working across markets around a lot of FSD… actively working across all our markets to roll it out,” the executive noted.

No Regulatory Barriers 

Interestingly enough, Drew also stated that there is no regulatory barrier to FSD hitting Australia’s roads. This suggests that FSD may be released in Australia once Tesla is satisfied with the local calibration and performance of the system on the country’s inner city streets.

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“There’s currently no blockers in Australia to releasing Full Self Driving Supervised, as we have in North America. It’s something our business is working on releasing. I don’t have a timeline currently for you, but it’s certainly very exciting to be able to bring that to a market that doesn’t have a regulatory blocker,” Drew stated.

Tesla’s FSD demonstrations have been quite impressive as of late, with the company also publishing a video showing the system navigating France’s Arc de Triomphe, one of Europe’s most complicated roundabouts, recently. Over in China, a Tesla Model 3 owner also used FSD to travel almost 2,485 miles from the Henan Province to the base camp of Mt. Everest.

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Tesla China registrations bounce back to 11.1k vehicles in May’s 2nd full week

Tesla China’s domestic vehicle registrations have been volatile in recent weeks.

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Credit: Tesla China

Tesla reported 11,130 insurance registrations in China in the week of May 12-18, 2025. These represent a 262.5% increase from 3,070 registrations that the company saw in the week ending May 11.

Tesla China’s domestic vehicle registrations have been volatile in recent weeks, suggesting that Giga Shanghai may still be exporting Model 3 and Model Y vehicles to foreign territories this month.

Tesla China’s Registrations

In the week ending May 4, Tesla China saw 7,300 new vehicle registrations. This was not that surprising considering that Tesla may still be allocating Gigafactory Shanghai’s output to vehicle exports. In the week ending May 11, however, industry watchers were quite surprised to see just 3,070 registrations from Tesla China. 

The 262.54% bounce in vehicle registrations in the week ending May 18 is thus a pleasant update from the world’s biggest and most competitive electric vehicle market. Even with these results, however, industry watchers still note that Tesla China’s registrations this 2025 are still down 6.5% year-over-year.

Tesla China does not report its weekly sales figures, though the company’s overall performance in the domestic automotive sector can be inferred through new vehicle registration data. Fortunately, these registrations are closely tracked by industry watchers, as well as local automakers such as Li Auto.

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Domestic Sales and Exports

Following the start of domestic deliveries of the new Model Y in China, expectations were high that the company would see a steady rise in registrations this second quarter. Giga Shanghai does not only supply vehicles to the domestic Chinese market, after all, as the facility also serves as the company’s primary vehicle export hub, providing Model 3 sedans and Model Y crossovers to several territories.

Tesla China sold 28,731 vehicles domestically and exported 29,728 vehicles in April. In comparison, the company saw 74,127 domestic registrations and 4,701 exports in March 2025, as per data compiled by CNEV Post. Considering Tesla China’s registrations this May, it would not be surprising if the company’s exports this month would exceed March’s 4,701 units.

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xAI receives more Tesla Megapacks for Colossus 2

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xAI is bolstering its Colossus 2 data center in Memphis with 168 Tesla Megapacks, enhancing the energy infrastructure for its ambitious AI supercomputer expansion. The deployment underscores xAI’s push to lead AI innovation while addressing environmental concerns.

The first Colossus site is connected to a 150 megawatts (MW) substation powered by MLGW and TVA. It is supported by approximately 156 Megapacks, providing 150 MW of stored energy backup to xAI’s supercomputer. The 168 Tesla Megapacks recently delivered to xAI’s Memphis site will provide battery storage backup to Colossus 2.

In December 2024, xAI doubled the capacity of Colossus to 200,000 Nvidia H100 GPUs, which consumes 250 MW of power–enough to energize 250,000 homes. In March 2025, the AI company bought a 1-million-square-foot site in Whitehaven, Memphis, for $80 million. xAI’s Whitehaven site could host up to 350,000 GPUs with the potential to deploy the largest number of Tesla Megapacks for backup power.

xAI plans to scale Colossus up to 1 million GPUs to create the world’s largest AI supercomputer. A 1-million-GPU setup would require over 1 gigawatt, about one-third of Memphis’s peak summer demand.

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Initially reliant on natural gas turbines, Colossus faced criticism for nitrogen oxide emissions. The 150 MW substation, completed in early 2025, reduced turbine use by half, with Megapacks providing cleaner backup power. By fall 2025, xAI expects the second substation to come online. Once the second substation is online, the remaining turbines will only be used for backup, reducing the project’s carbon footprint.

Tesla Energy’s Q1 2025 performance, with a 156% year-over-year increase and 10.4 GWh of storage deployed, supports xAI’s needs. Tesla’s Megapack factory in Waller County, Texas, set to create 1,500 jobs, signals further commitment to scaling energy solutions for projects like Colossus.

xAI’s rapid expansion, backed by Tesla Megapacks, positions it to rival AI leaders like OpenAI and Google. The Colossus 2 deployment reflects a strategic blend of cutting-edge AI and sustainable energy. As Memphis’ infrastructure adapts to unprecedented power demands, xAI and Tesla are reshaping the AI landscape with a focus on efficiency and environmental responsibility.

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