Rivian has officially launched the next-generation R1S and R1T, new versions of the company’s flagship electric vehicles.
“We continue to evolve our flagship R1 vehicles,” CEO RJ Scaringe said, “offering quality and performance without compromise. Our revamped R1S and R1T push the technical boundaries further, creating our most capable products to date.”
Rivian aimed to refine and improve performance, design, range, and overall ownership experience with the new R1T and R1S, bringing everything from new drivetrains to new interior aesthetics to the EVs without compromising any of the features that owners loved about the first generation.
Additionally, Rivian is rolling out its new Autonomy Platform, which was developed in-house and utilizes eleven internally developed cameras along with five radars that perform over 250 trillion operations per second.
“For most owners, their R1 Gen 2 will be the most powerful computer that they own,” VP of Autonomy and AI for Rivian, James Philbin, said.
Let’s dive into some of the improvements Rivian has employed:
Performance
Rivian’s next-gen R1 platform now features more power, performance, and range, all stemming from a new drive unit offered in its Tri and Quad-Motor configurations. Dual-Motor has not gone anywhere either, and still offers great performance metrics:
- Dual-Motor Our Dual-Motor delivers incredible all-wheel drive capability along with 665 horsepower and 0–60 mph in as quick as 3.4 seconds for the Performance variant
- Tri-Motor Our all-new 850 horsepower Tri-Motor packs two motors in the rear and one in front for a blend of exceptional power and range. The Tri-Motor R1T delivers 0–60 mph in 2.9 seconds while offering an estimated range of 380 miles. In Conserve Mode, the estimated range is up to 410 miles.
- Quad-Motor For peak adventure, our new 1,025 horsepower Quad-Motor delivers 0–60 mph in less than 2.5 seconds in R1T — and ¼ mile in 10.5 seconds — with a staggering 1,198 lb-ft of torque when using Launch Mode. 60–80 mph acceleration is 1.5 seconds, with incredible torque control at each wheel for superior on-road performance and off-road capability.
Ride and Handling
Rivian also focused on the ride and handling experience in the R1 lineup for this second-generation vehicle launch. The suspension system has been fully re-engineered, improving on what customers called a “sport-tuned feel” in the first-generation EVs. Rivian decided to go with a “smoother” ride for the new R1T and R1S, which is adjustable to ensure comfortable on and off-road capabilities.
Vehicle equipment has also been refined. Rivian developed new wheels and fitted them with new tires, including a redesigned 22″ aerodynamic wheel design and Pirelli-developed tires to increase range.
For Performance, Rivian is going with an Ultra-High-Performance Michelin tire that will be available on the Quad-Motor configurations. Additionally, for a “well-rounded” experience, Goodyear has a 20″ ADV tire that offers “balanced all-around capability with the rolling-resistance of an all-season,” and comes standard.
Range and Batteries
Three battery pack sizes will still be offered by Rivian, but the Max and Large batteries have been completely re-engineered and offer ranges of 420 and 330 miles, respectively, based on estimations. They will continue to use 2170 cylindrical cells, and the pack enclosure features a “large high-pressure de-casting” system to simplify manufacturing and reduce mass.
The new Standard Pack will feature lithium-iron-phosphate (LFP) chemistry and provide an EPA-estimated 270-mile range.
140 miles of range can be regained in as little as 20 minutes and are compatible with all major public high-speed charging networks. This includes the Rivian Adventure Network and the Tesla Supercharger Network.
Design and Experience
Rivian honed in on new features with the R1T and R1S and also added two new premium interiors, new exterior paint options, and new darkout trim options.
These are in addition to the new wheel and tire choices, and now vehicles come with a new electronically tinted glass roof, new in-cabin storage, interior lighting themes, new digital interfaces, and new cell shading designs for the different drive modes. It has also improved on the wireless charger.
Surround Sound Audio with Dolby Atmos is available with Rivian Premium Audio.
Refined Electrical Architecture and Compute Platform
The second-gen R1 features new electrical architecture and a new compute platform that was developed in-house by the Rivian hardware and software teams.
“While the exterior of the R1 looks similar, the electrical system is completely redone, providing a significant increase in features as well as a dramatic increase in sensing and compute capability,” Rivian’s SVP of Electrical Hardware, Vidya Rajagopalan, said.
Trimming the ECU count from 17 in the first-gen to just 7 in the second-gen, the “massive simplification” was part of a shift in zonal architecture. Infotainment, autonomy, and vehicle access, as well as battery management, all have their own ECUs. Every other vehicle function is controlled by the remaining three.
Rivian Autonomy Platform
The Rivian Autonomy Platform utilizes “11 internally developed cameras and five radars performing over 250 trillion operations per second, an industry-leading level of compute power.”
The cameras are high-resolution and now include 4K HDR units, which have 360-degree visibility and can see three-times farther than the previous system, as well as 10 seconds ahead at highway speeds.
These are the most camera megapixels of any EV in North America and enable improved dynamic range and clear vision in high-contrast scenarios, like tunnel entrances and exits.
Rivian is also utilizing a cabin-facing camera in the rearview mirror to detect both driver fatigue and distraction when operating in Enhance Highway Assist mode, which will roll out later this year.
The Autonomy Compute Module is backed up by dual NVIDIA DRIVE Orin processors, delivering 10 times more compute performance than the previous system.
Pricing
The new R1S will start at $75,900 and the R1T at $69,900. Dual-Motor configurations can be ordered today and are available immediately. Tri-Max is expected to be launched in the late Summer, while Quad Max will come shortly after.
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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’
