Connect with us

News

Rivian shows off new details at NY Auto Show before heading home

[Image: Dacia J. Ferris/Teslarati]

Published

on

Rivian has been on a promotional whirlwind since the company came out of the shadows last year at the 2018 LA Auto Show, and with it, the all-electric adventure company’s attendance at the New York International Auto Show this year has now generated quite a few more vehicle detail revelations from interviews posted online by show attendees.

Brian Gase, Rivian’s Chief Engineer of Special Projects, appeared in a number of videos describing features of the R1T truck and R1S SUV that are unique and otherwise not commonly known about the vehicles.

First, the number of storage compartments were one of the smaller details that stood out. In the R1T, the back passenger seats have bins underneath the cushions, and both vehicles have sliding bins underneath the driver and shotgun seats. A full size spare tire is in the R1T bed and can be removed for even more storage if needed, but to save space for storage and its usable third row seating, the R1S has an inflatable spare tire under the trunk floor.

Rivian’s plans for interior color options were also mentioned, and there are three: Forest Edge (the green inside the demo R1T), Lunar Rock (the grey inside the demo R1S), and black. Additional premium options will be offered for interior fabrics which are already a blend of traditional materials and the types of fabrics you’d find in durable outerwear. The cabins also feature quad-zone climate control.

Advertisement
-

On the performance side, 170 kW of independent power is provided to each wheel which also provides for torque vectoring. The approximately 750-800 total horsepower in each vehicle works out to about 180 hp per wheel from each of the four motors.

Rivian’s high density battery pack, complete with a thermal control system that adapts according to charging and driving behavior, then powers the whole package. A giant battery might not seem like it would be a great choice for four-wheel adventures, but Rivian has tightly encased its vehicles’ power supply using advanced materials science to be capable of wading up to three feet of water. Since there’s no engine requiring air, only buoyancy prevents a deeper crawl.

Progress in the automotive self-driving arena is moving fast, and Rivian has already integrated that reality into the R1T and R1S designs. The camera and radar hardware on production vehicles will be capable of Level 3 autonomous driving that’s upgradable via over-the-air software updates. Rivian’s initial vehicles will ship with Level 2 capabilities and use data accumulated from its customers’ driving sent to the cloud to develop its Level 3 transition, very similar to Tesla’s strategy. Previously, Rivian has additionally suggested Jurassic Park-style autonomous tours might be available for owners wanting a guided, real-world adventure experience.

Rivian has several test mules on the road using F-150 bodies, but only one production design model of each car has been made to be used at shows and in videos.

Finally, you might know that Rivian was founded in 2009 by CEO RJ Scaringe, an MIT graduate (he holds an MS and PhD in mechanical engineering), but it seems lesser known how his personal life story is imprinted right in the company’s name. Scaringe grew up near the Indian River region of Florida, and that’s where the Rivian name is derived (RIV(er)-(Ind)IAN).

Rivian R1T truck at the NY Auto Show 2019. | Image: Dacia J. Ferris/Teslarati

BACK TO BASICS

All of those tidbits will now join the overall more well known features driving the appeal of Rivian’s R1T truck and R1S SUV. A recap of the basics may put them into a better perspective still.

On battery packs, Rivian’s focus on outdoor adventure means that decent battery capacity and range are key components if their product ideas are to be successful, and their much-touted 180 kWh battery “megapack” boasting a 400+ mile range seems to fit that bill. The mid-range 135 kWh pack claiming a 300 mile range is also decent for well-planned routes, and it just so happens to have a fun number of 2170 battery cells – 7,777 exactly if you count the battery inside the in-door flashlight. The 135 kWh battery pack vehicles are also the versions that will do 0-60 mph in 3 seconds, although all versions are speed limited to 125 mph. A lower end 105 kWh pack with a 230 mile range will be produced last, per the usual new EV strategy of offering premium cars before more affordable variations.

Advertisement
-

https://twitter.com/PrincessDeixa/status/1118957811285811200

The first R1S and R1T deliveries are set for the end of 2020, and Rivian is currently taking preorder deposits to reserve their upcoming vehicles. Purchase prices will start at $69,000 for the R1T and $72,500 for the R1S before tax incentives.

Aside from being first to unveil a near-production all-electric pickup truck, two other features in Rivian’s electric cars have stood out. First, the quad-motor “skateboard” chassis that forms the base of current and future vehicles centralizes and simplifies Rivian’s innovations into a flexible electric car platform for its future product lines. This feature has also drawn interest from big-name partners like GM and Ford, the latter having just signed a $500 million deal with Rivian to use its tech to develop their first all-electric vehicle.

A somewhat new tidbit about the skateboard platform is the size difference between the R1S version and the R1T version. The R1S chassis is 375 mm shorter than the R1T to boost its off-road capabilities. Both vehicles’ towing capacity is around 11,000 pounds.

The second well-known feature about Rivian’s two outdoor-purposed vehicles is the amount of storage space incorporated into the designs. The frunks are spacious with a 330 mL capacity, and the R1T truck has what they call a ‘gear tunnel’, which is essentially a large cargo space tunneled through the lower middle of the truck’s cab. It looks to have the makings of the next social media photo craze, but that’s obviously speculation.

Both the frunk and tailgates have powered open and close functions for ease of use, the tailgate opening a full 180 degrees, and the bed has a powered built-in tonneau cover strong enough to support loading. Also included in the truck bed are 110V power outlets, onboard air, lights to illuminate the bed, and a gear cable that’s electronically connected to the vehicle. If the cable is cut or disconnected for any reason, the owner receives a notification on their Rivian app.

Advertisement
-

Other details to mention are the electrochromatic glass roof built into both the R1T and R1S that can change color on demand, specifically in response to outside weather and light conditions, and the daytime running lights that also act as turn signals and charging status indicator lights. A charging status indicator is also in the back of the vehicles.

The last major Rivian feature to mention is the adaptable air suspension. Both vehicles’ ride height can be easily raised or lowered depending on road conditions to adjust comfort and handling characteristics. There’s even a ‘kneel’ mode to ease vehicle entry and exit.

STILL TO COME

Rivian’s R1T truck and R1S SUV already have enough innovative details to drive their consumer appeal as-is, but the company has even more developments going on in the background. Recently published patent applications have revealed a modular system for swapping out vehicle components based on activity need and a digital jerry can to extend the battery range even further for longer trips away from a charging network.

Additionally, trademark applications filed with the US Patent and Trademark Office have teased several other products in the works with names like 1C, 1A, and 2R. An interview with RJ Scaringe published by Bloomberg confirmed that Rivian is indeed working on six other products.

Advertisement
-

Details surrounding Rivian’s plans for a service network are still slim despite the abundance of other important information about the Michigan-based company. The R1S and R1T vehicles will use CCS charging ports, but whether a charging partnership or a home-grown effort is planned remains to be seen.

A NY International Auto Show attendee recently posted on Reddit details gathered from speaking with Rivian’s team, including Scaringe, and indications were made that the company is interested in using Tesla’s Superchargers, although they’ve had some difficulties with the effort. A potential roadshow tour offering test drives was also mentioned.

A couple of the Rivian video interviews can be watched below:

Advertisement
-

Accidental computer geek, fascinated by most history and the multiplanetary future on its way. Quite keen on the democratization of space. | It's pronounced day-sha, but I answer to almost any variation thereof.

Advertisement
Comments

Investor's Corner

Tesla reports Q3 Earnings today: here’s what to expect

Published

on

Credit: TechOperator | X

Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.

Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.

Tesla showrooms picked clean ahead of Q3 end as demand looks strong

For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:

  • Total Revenues: $28.34B
  • Non-GAAP EPS: $0.43
  • Operating Margin: 2.5%
  • Operating Income: $721M
  • Free Cash Flow: ~-$4.51B

Here are a few things we are looking forward to hearing about on the call:

Automotive Gross Margin and Overall Profitability

This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.

Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.

Advertisement
-

Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress

The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.

Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.

Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for

Say Investor Questions

  1. How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
  2. When can we anticipate FSD unsupervised in customer cars?
  3. When will the CyberCab be available for customer purchase/ownership?
  4. What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
  5. Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?

The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.

Continue Reading

News

SpaceX confirms Starship 15 launch window with massive ambitions

Published

on

Credit: SpaceX

SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.

CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.

SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms

The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:

Advertisement
-

This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”

Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.

The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.

The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.

As of now, the Starship program is firing on all cylinders.

Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.

Advertisement
-
Continue Reading

Investor's Corner

SpaceX stock gets a slew of price target boosts after bullish earnings call

Published

on

Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.

SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.

Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.

Advertisement
-

The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.

SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms

Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.

Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.

These elements prompted a wave of price-target increases:

  • JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
  • Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
  • Barclays raised its target to $300 from $254 (Overweight).
  • Citi increased its target to $240 from $200 (Buy),
  • UBS moved to $230 from $210 (Buy), and
  • TD Cowen raised its target to $224 from $200 (Buy).
  • Morgan Stanley held an Overweight rating with a $300 target.
  • Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.

Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.

The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.

Advertisement
-
Continue Reading