Rivian revealed the prices and release dates for its R1T electric pickup truck and the R1S SUV. The company also announced that its configurator would be available to preorder holders on November 16. Rivian will send preorder holders an email to unlock early access to its configurator, which will be accessible to the public by November 23.
Launch Edition
Rivian will kick off deliveries in the Unites States with its limited R1T and R1S Launch Edition on June 2021 and August 2021, respectively. It plans to start R1T and R1S Launch Edition deliveries in Canada by November 2021. The company encourages preorder holders who are interested in acquiring the Launch Edition vehicles to reserve one as early as possible because supplies will be limited.
The R1T and R1S Launch Edition will come with Rivian’s premium Adventure Package and special interior badging. Launch Edition vehicles will also feature a unique paint option called “Launch Green,” as well as 20” All-Terrain or 22” Sport Wheels at no additional cost. The debut vehicles will offer an estimated 300+ mile range, suggesting that the vehicles will feature Rivian’s 135 kWh battery pack.
Rivian’s Equipment Packages
Rivian will be offering two equipment packages in its configurator named “Adventure” and “Explore.” Both equipment packages feature the same drivetrain and quad-motor configuration, as well as independent air suspension, active damping, and electro-hydrualic roll control.
They both also come with a panoramic all-glass roof, vegan leather seats, WiFi and 4G capabilities, and a 1000-lumen flashlight on the driver’s side door. Each package does have its own defining features.
- Adventure Package
The Adventure Package is essentially the Launch Edition minus the the special Launch Green paint option, interior branding, and free wheel upgrade. It comes standard with Rivian’s Off-Road Upgrade, which features a reinforced underbody shield and an on-board air compressor. A powered tonneau cover is also included, as well as the company’s “Gear Guard” remote monitoring system.
Inside the vehicle, the Adventure Package comes with heated and cooled perforated vegan seats, a cabin with natural-grained ash wood, and the electric truck maker’s Rivian Elevation 360° audio system featuring a removable Bluetooth speaker. Deliveries for the R1T and R1S Adventure Package that are not part of the Launch Edition will start January 2022.
- Explore Package
Rivian’s Explore Package is the most affordable trim listed by the electric car maker. It features a “sport interior” with matte black finishes throughout the cabin and heated vegan leather seats. The Explore Package also comes with a standard surround sound audio system.
Unlike the Adventure Package, the tonneau cover of the Explore Package is manual. Although, the tonneau cover’s panels are designed to lock together to double as a camp table. Rivian will start delivering its Explore Package trim will on January 2022.
Rivian hasn’t revealed all the specs for the R1T EV pickup truck or the R1S SUV. However, the clean energy automaker did share some information about the R1T and R1S vehicles battery packs and driver-assist system, named Rivian Driver+. More details about the specs and features of the R1T and R1S might be released once the company’s configurator is live later this month.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
