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.”
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.
“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.
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla Optimus project fires up as Musk sees production line progress
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
