

News
UPDATE: Rivian launches new Dual Motor options for R1T and R1S, increases Quad Motor pricing
Update: Rivian has reverted all preorders placed on March 1 or before to the original pricing.
Rivian backtracks price increase on all R1T, R1S preorders before March 1
Rivian has launched a new Dual Motor variant for its R1T all-electric pickup and the future R1S all-electric SUV while increasing the prices of its Quad Motor configurations of both vehicles, citing “price inflation of supplier components and raw materials.”
The R1T is available in two packages: Explore, starting at $67,500, and Adventure, starting at $73,000. Both vehicles will have Dual and Quad-Motor drive systems, with the Quad-Motor adding $6,000 to either package a customer chooses. Finally, customers can choose between a Standard Pack, which is available for the Dual Motor only and comes at no charge, a Large Pack, adding $6,000 to the price, or a Max Pack, which adds $16,000 to the price.
R1T range ratings for the new Dual Motor variants are as follows:
- Explore Package, Dual Motor AWD, Standard Pack – 260+ miles – $67,500
- Explore Package, Dual Motor AWD, Large Pack (+$6,000) – 320+ miles – $73,500
- Explore Package, Dual Motor AWD, Max Pack (+$16,000) – 400+ miles – $83,500
- Adventure Package, Dual Motor AWD, Large Pack (+$6,000) – $79,000
- Adventure Package, Dual Motor AWD, Max Pack (+$16,000) – $89,000
R1T range ratings for the Quad Motor variants are as follows:
- Explore Package, Quad Motor AWD, Large Pack (+$6,000) – 314 miles – EPA estimated – $79,500
- Explore Package, Quad Motor AWD, Max Pack (+$16,000) – 400+ miles – $89,500
- Adventure Package, Quad Motor AWD, Large Pack – 314 miles – EPA estimated – $85,000
- Adventure Package, Quad Motor AWD, Max Pack (+$16,000) – 400+ miles – $95,000

Credit: MotorTrend
The R1S is available in two packages: Explore, starting from $72,500, and Adventure, starting at $78,000. Both vehicles also have Dual and Quad-Motor drive systems, with the latter option adding $6,000 to the purchase price. Finally, the Dual Motor option will have a Standard Pack, which again adds no charge. Customers can opt for the Large Pack for $6,000.
R1S range ratings for the new Dual Motor variants are as follows:
- “Base” – Explore Package, Dual Motor AWD, Standard Pack – $72,500
- “Large Pack” – Explore Package, Dual Motor AWD, Large Pack (+$6,000) – $78,500
- “Base Adventure” – Adventure Package, Dual Motor AWD, Standard Pack – $78,000
- “Adventure Large” – Adventure Package, Dual Motor AWD, Large Pack – $84,000
R1S range ratings for the Quad Motor variants are as follows:
- Explore Package, Quad Motor AWD, Large Pack (+$6,000) – 316 miles – EPA estimates – $84,500

Credit: Rivian
Standard battery pack vehicles will begin delivery in 2024, Rivian said.
Select early reservation holders will be grandfathered into original pricing. In an email to these customers, Rivian states:
“You may have heard that Rivian’s vehicle and option pricing have increased as a result of price inflation of supplier components and raw materials across the world. Since you are in the final steps of completing your transaction, your Rivian preorder will not be affected by these adjustments.”
Recently, Rivian announced it would work to increase production rates of the R1T pickup by 300 percent from 50 units to 200 units per week.
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News
Tesla Giga Berlin makes big move amid strong sales and demand
“We currently have very good sales figures and have therefore revised our production plans for the third and fourth quarters upwards.”

Tesla is making a big move at its factory in Germany, known as Giga Berlin, as managers at the plant have indicated the company plans to increase its production rate for the remainder of the year.
Giga Berlin is responsible for manufacturing Model Y vehicles for several markets worldwide, including those outside of Europe. It was opened in March 2022, and it recently built its 500,000th Model Y in March and its 100,000th new Model Y just three weeks ago.
Due to some encouraging sales figures in the markets it provides vehicles for, Tesla said it is planning to increase production at the factory for the remainder of the year.
Andrè Thierig, plant manager at Giga Berlin, said to German news outlet DPA on Sunday that market data has encouraged a move to be made regarding the production at the factory:
“We currently have very good sales figures and have therefore revised our production plans for the third and fourth quarters upwards.”
It is interesting to see this kind of narrative from Thierig, especially as data has shown Tesla has struggled in various markets, including Germany, this year.
Sales drops have been reported, but other markets are holding strong, especially those in Northern Europe, such as Norway, where the Model Y saw a nearly 39 percent increase in sales in August compared to the same month the previous year.
Gigafactory Berlin supplies vehicles for other markets, such as Canada, Australia, and New Zealand, which are strategically important to avoid tariffs. It also builds cars for the Middle East.
Thierig reiterated this point during the interview with DPA:
“We supply well over 30 markets and definitely see a positive trend there.”
Elon Musk
Tesla analyst says Musk stock buy should send this signal to investors
“With Musk’s (Tesla stock) purchase, combined with the upward momentum for delivery expectations and robotaxi rollout, we are becoming more bullish.”

Tesla CEO Elon Musk purchased roughly $1 billion in Tesla shares on Friday, and analysts are now breaking down the move as the stock is headed upward.
One of them is William Blair analyst Jed Dorsheimer, who said in a new note to investors on Monday that Musk’s move should send a signal of confidence to stock buyers, especially considering the company’s numerous catalysts that currently exist.
Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever
Dorsheimer said in the note:
“With Musk’s (Tesla stock) purchase, combined with the upward momentum for delivery expectations and robotaxi rollout, we are becoming more bullish. This purchase is Musk’s first buy since 2020. To us, this sends a strong signal of confidence in the most important part of Tesla’s future business, robotaxi.”
Musk putting an additional $1 billion back into the company in the form of more stock ownership is obviously a huge vote of confidence.
He knows more than anyone about the progress Tesla has made and is making on the Robotaxi platform, as well as the company’s ongoing efforts to solve vehicle autonomy. If he’s buying stock, it is more than likely a good sign.
Tesla has continued to expand its Robotaxi platform in a number of ways. The project has gotten bigger in terms of service area, vehicle fleet, and testing population. Tesla has also recently received a permit to test in Nevada, unlocking the potential to expand into a brand-new state for the company.
In the note, Dorsheimer also touched on Musk’s recent pay package, revealing that William Blair recently met with Tesla’s Board of Directors, who gave the firm some more color on the situation:
“We recently participated in a meeting with Tesla’s board of directors to discuss the details of Musk’s performance package. The board is confident of its position in the Delaware case and anticipates a verdict by end of year. It does not expect a similar situation to occur under new Texas jurisdiction. Musk has the board’s full support, and we expect he’ll get more than enough shareholder support for this to pass with flying colors.”
Tesla stock is up over 6 percent so far today, trading at $421.50 at the time of publication.
News
Morgan Stanley’s Adam Jonas dubs Tesla FSD a “game changer” after marathon drive
Jonas reported that FSD handled more than 99% of the miles.

Morgan Stanley’s analyst Adam Jonas shared a notable endorsement of Tesla’s Full Self-Driving (FSD) software after completing a 1,400-mile round trip from New York to Michigan in his Model Y.
Jonas reported that FSD handled more than 99% of the miles, calling the system “a game changer” for long-distance driving.
Hands-free experience
Jonas drove his 2021 Tesla Model Y equipped with Hardware 3 and FSD Supervised v12.6.4, and he used the system nearly the entire trip. “Having your hands off the wheel and feet off the pedals for nearly 12 hours of driving is a real game changer that is hard to appreciate without experiencing it for yourself,” he noted.
He explained that outside of two heavy downpours, one on the Pennsylvania Turnpike and another in suburban Detroit, plus some light maneuvering in fast food parking lots, FSD handled the drive without any human intervention. “FSD made no mistakes or close calls that I recall. The system handles highways very safely and confidently. I cannot imagine buying another EV without FSD.”
Broader implications
Jonas added that he has used FSD consistently over the past 18 months, and the $8,000 he paid for the feature feels like a bargain considering the value. He also praised Tesla’s Supercharging network, which supported his trip without issue.
Jonas has been one of Wall Street’s most closely followed voices on Tesla, and his comments add weight to the ongoing debate about the role of autonomy in the company’s future. His current price target for Tesla stock stands at $410. During Morgan Stanley’s 13th Annual Laguna Conference, he echoed similar experiences with Tesla’s software, emphasizing that FSD “probably drove well over 99% of the miles” on his recent trips.
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