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Rivian R1T’s Max Pack + Quad-Motor configuration will be unavailable starting 2023
Rivian sent out letters to Max Pack preorder holders, informing them of some changes to their configurators in 2023.
According to the letter, the Rivian R1T’s Max Pack battery will only be available with a Dual-Motor AWD configuration in 2023. The Max Pack + Quad-Motor configuration will not be “selectable” in Rivian’s configurator by next year.
“This update introduces a more energy dense Max pack design that pairs with our Dual-Motor drive system to deliver long range with outstanding performance at a lower price point. Making this change supports our continued focus on simplifying the production process as we scale,” wrote Rivian.
In Rivian’s visualizer, The R1T is available in Dual-Motor AWD and Quad-Motor AWD drive systems. The Quad-Motor R1T costs an additional $8,000 in the United States and $11,000 in Canada. The Rivian R1S also comes with Dual-Motor and Quad-Motor AWD drive systems. The Quad-Motor R1S also costs an additional $8,000 in the United States and $11,000 in Canada.
The EV startup offers three battery packs for the Dual-Motor AWD R1T. The Standard Pack has an estimated range of 260+ miles, while the Max Pack has a range of up to 400 miles for an additional $16,000 in the U.S. and $21,750 in Canada. In the middle is Rivian’s Large Pack, which has an EPA estimate of 328 miles and costs an additional $6,000 in the United States and $8,250 in Canada. Rivian Quad-Motor AWD R1T orders can only be paired with the Large battery pack.
Rivian offers only the Standard and Large battery packs for the R1S. The Quad-Motor R1S is only available with the Large pack, which costs an additional $6,000.
Standard vs Enhanced Dual-Motor AWD R1T
Rivian also offers an enhanced version of Max Pack + Dual-Motor AWD with the same range but better performance. The enhanced Dual-Motor R1T has 700 HP, quicker 0-60 mph at 3.5 seconds. In comparison, the standard Dual-Motor R1T has 600 HP and runs 0-60 mph in 4.5 seconds. Both standard and enhanced Dual-Motor AWD R1T variants have 11,000 lbs of towing capacity.
“For price committed customers who preordered before 3/1/2022, choosing standard Dual-Motor AWD will lower your current price by $4,500 while the enhanced version will lower it by $2,000,” noted Rivian in its letter.
“Deliveries are planned to start at the end of summer in limited volumes and will ramp through the end of the year. We will prioritize Max pack preorder holders for our earliest Dual-Motor deliveries where it’s possible.”
Rivian’s price changes might differ between the United States and Canada.
Upgraded Quad-Motor R1T + Max Pack
The unavailability of Rivian’s Max pack + Quad-Motor R1T seems temporary. The EV automaker plans to launch a Quad-Motor variants with “additional capability” with the Max batter pack in the future.
For preorder holders who want to maintain their Quad-Motor configuration, Rivian advises them to change to the Large battery pack. The company notes that switching to a Large battery pack might accelerate their delivery date to early 2023.
Rivian has made a few changes to its customer options this year. In August, Rivian discontinued its Explore Package option and encouraged customers to upgrade. The Explore Package was the more affordable option offered to Rivian customers. The only package available on Rivian’s R1T and R1S order pages is the Adventure Package.
The Adventure Package for the R1T starts at $73,000 in the United States and $98,500 in Canada. For the R1S is costs it starts at $78,000 in the U.S. and $105,250 in Canada. Recently, Rivian removed customers’ Adventure Gear options with their R1T and R1S orders. Now customers must purchase the Adventure Gear options separately.
Read Rivian’s letter below.
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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’
