Mercedes-Benz announced today that it has started accepting orders for the EQS all-electric sedan, starting at €106,374.10 for its base model. Deliveries will begin in Germany by the end of September and in the United States in Q4.
In development for several years, Mercedes-Benz unveiled the EQS on April 15th, aiming to take a stab at the EV giants who have dominated the industry. Luxurious and fast, the EQS will battle with the Tesla Model S for the top spot in the high-end luxury EV sector, but Mercedes customers will have to pay slightly more than Tesla owners will.
The Daimler-owned Mercedes released a press statement earlier today that announced the acceptance of orders for the EQS. Capable of an estimated 478 miles of all-electric range, according to WLTP ratings, the EQS has the potential to be one of the best EVs on the market in terms of miles per charge. Coupled with a top speed of 130 MPH and 516 horsepower, the EQS is a competitive EV.
Mercedes EQS EV spied benchmarking against Tesla Model S and Model 3
As the EQS will be available to customers very soon, Mercedes-Benz is also rolling out the introduction of Over-the-Air updates, which will send software fixes and new features to vehicles over the internet. Tesla owners are familiar with this functionality as the automaker regularly rolls out new software versions that equip bug fixes and new entertainment features, among plenty of other things.
Mercedes said it would offer customers a “Roaring Pulse” sound experience and several mini-games to kill time while charging. These include Tetris and Sudoku. It will be free for one year but will cost €89 annually to continue. The OTA updates will also expand to more functions in the future, according to the company. It said that:
“The range of OTA functions is being successively expanded. This means that following the purchase and initial new-car configuration, some of the features of the EQS can be adapted according to personal preferences. This also includes enabling the rear axle steering with a ten-degree steering angle. In addition to the conventional purchasing of individual functions, customers can also take out subscriptions. Temporary activations and free trial periods are also planned.”
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Edition 1: A special variant for early orderers
Mercedes will also launch the Edition 1 variant of the EQS, an optional upgrade to the vehicle. It won’t be free and will tack on €18,433.10 onto the price, but will add the AMG line, 21-inch wheels, and several interior and exterior cosmetic features.
- Interior
- AMG Line exterior
- Metallic paint obsidian black
- Panoramic sliding sunroof
- 3 cm (21-inch) AMG multi-spoke light-alloy wheels
- “Edition 1” badge in the window triangles in front of the outside mirrors
- Exterior
- Designo nappa leather upholstery in neva grey/reflex blue
- Luxury seats including 4-way lumbar support and contour lighting
- Multicontour seats for driver and front passenger
- Upper instrument panel and beltlines in nappa-look reflex blue
- Trim elements in open-pore ship’s deck walnut wood
- Designer seat belt buckles front and rear
- Floor mats with “Edition 1” lettering and piping in reflex blue
- Door sill panels with illuminated “Edition 1” lettering in white
Credit: Mercedes Benz
Add-Ons
There is no shortage of add-ons for the EQS, and Mercedes details them greatly. From Intelligent Park Pilot, an “autopark-like” feature, to Air Control Plus that utilizes a HEPA air filter for air quality, there are several additional options to make the EQS well-rounded. You will pay extra for these features, though, and they could add up.
Intelligent Park Pilot
For €1,844.50, the EQS can be outfitted with Intelligent Park Pilot, which benefits valet functions and can park automatically without a driver controlling the car.
“Pre-installation for the INTELLIGENT PARK PILOT is part of the Parking Package with remote parking functions (1844.50 euros1). This prepares the EQS for automated valet service (AVP, SAE level 4). Together with the required special equipment and the corresponding Connect service, the vehicle has the onboard technology to park and unpark fully automatically without driver involvement. This is conditional upon car parks being equipped with AVP infrastructure and national legislation allowing such operations. The Connect service has specific features depending on the country.”
Energizing Air Control Plus
For an additional €535.50, Mercedes-Benz will take a “holistic approach” with the EQS to increase the cabin’s air quality.
“Mercedes-Benz takes a holistic approach to air quality in the EQS. The system is based on filtration, sensors, a display concept and air conditioning. The HEPA (High Efficiency Particulate Air) filter has a very high filtration level that enables it to trap particulate matter, micro-particles, pollen and other substances that enter with the outside air. An activated carbon coating reduces sulphur dioxide and nitrogen oxides as well as odours in the interior. The interior air filter has been granted 2021 “OFI CERT” ZG 250-1 certification from the Austrian Research and Testing Institute (OFI) for viruses and bacteria. Using pre-entry climate control, it is also possible to clean the interior air before getting into the vehicle. The particulate levels outside and inside the vehicle are also displayed in MBUX. They can be viewed in detail in the dedicated Air Quality menu.”.
Driver Assistance Packages
Mercedes is also highlighting its Advanced and Advanced Plus Driver Assistance packages that will increase safety for drivers and passengers. Basic features like Lane Keeping Assist and Blind Spot Assist are included in these packages.
Advanced Package
Tacking on €2,082.50, the Advanced Package adds several interesting features that improve safety and functionality for driving.
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“The Advanced Package (2082.50 euros1) includes the Assistance Package with the three driving assistance systems Active Distance Assist DISTRONIC, Active Lane Keeping Assist and Blind Spot Assist. Other components include MBUX Augmented Reality Navigation, illuminated door sill panels with Mercedes-Benz lettering and a stowage compartment under the centre console.”
Advanced Plus Package
An extra €7,021 will add the Advanced Package, plus some other supplemental features.
“The Advanced Plus package (7021 euros1) includes the Driving Assistance package Plus[5], the Parking Package with 360° camera and DIGITAL LIGHT in addition to the Advanced Package. DIGITAL LIGHT has a light module with three extremely powerful LEDs in each headlamp, whose light is refracted and directed by 1.3 million micro-mirrors. The revolutionary headlamp technology can also project guide markings or warning symbols onto the road. Two assistance functions[6] are new: the EQS can indicate the start of a cooperative lane change and warn or give a directional instruction if Lane Keeping Assist or Blind Spot Assist detects a hazard.”
What do you think? Let us know in the comments below, or be sure to email me at joey@teslarati.com or on Twitter @KlenderJoey.
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
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News
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.
Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.
The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.
The Boring Company just doubled its tunneling power in Nashville
The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.
Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.
For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.
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Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
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Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
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Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
