Rivian CEO RJ Scaringe recently shared some new insights about the R1T pickup truck and the R1S SUV in an interview with auto publication The Drive. During his interview, Scaringe discussed Rivian’s battery technology, the company’s plans for the vehicles charging systems, and the media’s usual comparisons between himself and Tesla CEO Elon Musk.
Rivian’s trucks are luxury adventure vehicles, and they are designed to carry several people in off-road conditions. As such, it is pertinent for Rivians to have the best battery technology available. When asked by the publication about the R1T and the R1S’s capability to charge its batteries, the CEO noted that the all-electric trucks would be capable of putting 200 miles of range in 30 minutes. With their 180 kWh battery packs, Scaringe pointed out that a 400-mile range is very feasible.
In the event that Rivian owners find themselves in remote areas without easy access to a charging station, Scaringe noted that the company is preparing solutions that will enable drivers to recharge their vehicles off the grid, such as auxiliary battery packs. The CEO also added that the company would allow vehicle-to-vehicle charging, allowing two Rivians to charge each other. “We’ve designed the vehicle so you can have auxiliary battery packs. You can also charge Rivian-to-Rivian, which is a neat thing. You connect the two vehicles, and then I could hand you some electrons,” Scaringe said.
These solutions will most definitely make Rivian’s vehicles an attractive purchase for the luxury adventure demographic, particularly among overlanders, who are known for taking long trips off the grid. Using Rivian’s vehicle-to-vehicle charging system, groups of overlanders can simply utilize a Rivian truck loaded with auxiliary battery packs as a designated charger for other vehicles that will be used primarily for camping, or even cooking, for that matter.
Being an electric car maker and having a striking physical resemblance to Clark Kent, Rivian CEO RJ Scaringe has been compared to Tesla’s Elon Musk, whose bold, ambitious, and rockstar CEO persona has brought comparisons to billionaire-superhero Tony Stark. Back in February alone, Forbes even wrote an article about Scaringe, dubbing him and Rivian as “Tesla’s worst nightmare.” In his recent interview, the Rivian CEO noted that this is far from the truth.
“In so far as we both build electric cars, we’re similar. Other than that, we’re building very different types of products for different companies. I say that with the deepest admiration and respect for what they’ve done. Tesla has really helped make electric cars exciting. They’ve helped shift the world towards electrification. We as Rivian, and we as the planet, owe them a thank you. But I think there’s a need for more flavors.
“The world needs more than one new electric and new innovator within the space, and we’ve been thoughtful also to not try to compete directly in the space they’re in. If we’re going after that type of a use case, I think it doesn’t make any sense. There are companies that are doing that. There’s a number of Chinese backed companies that are doing products that are very similar to the brand experience and sort of product experience that you get with Tesla,” he said.
Since unveiling the R1T pickup truck and the R1S SUV last year, Rivian has received overwhelming support from the electric car community, thanks in part to the design and capabilities of its two vehicles. The company has also been receiving support from large investors such as Ford and Amazon, both of which have helped Rivian raise over $1 billion in investments.
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
