Connect with us

News

Rivian launches tour of R2, R3X across North America

Credit: Rivian

Published

on

Rivian has announced plans to take its upcoming electric vehicles (EVs) on a tour around North America, after the company unveiled the R2 and R3 models earlier this year.

Last week, Rivian announced in a post on its website that it would be displaying both the upcoming R2 and R3X vehicles at various locations in the U.S. and Canada, after initially launching displays at a few select stores. All of the events are set to include the R2 and R3X except the LA Auto Show, which won’t include the R3X, and most of the tour is taking place at automotive shows.

“Get ready—our R2 Road Tour is coming to a town near you,” Rivian writes. “We’re cruising through cities across the country, bringing you an up close and personal look at the all-new R2. You can also meet the new Gen 2 R1S & R1T and take a demo drive. Keep an eye out for R3X making guest appearances along the way.”

The news also comes after Rivian officially began expanding its Normal, Illinois factory last week to accommodate production of the R2 pickup and SUV. The company was originally approved for such an expansion in August, after a unanimous vote from Normal Town Council.

According to Rivian’s VP of Manufacturing Tim Fallon in a statement in July, the R2 had already gained more than 100,000 pre-orders, following its unveiling in March. In a surprise move after the R2 was unveiled, Rivian went on to share an additional EV, the R3X, is expected to enter production after the R2.

Advertisement

In addition to the upcoming R2 and R3X displays, Rivian has had the R2 on display at multiple locations in California, as well as in Vancouver, B.C., Portland, New York City, Nashville, Austin, and Boston. You can see all of Rivian’s upcoming R2 and R3X appearances below, including an ongoing display at the company’s Laguna Beach space that ends on Sunday.

Rivian R2 and R3X appearances in 2024

November 15 to 17: Laguna Beach (10:00 am – 6:00 pm)

Rivian South Coast Theater – 162 S Coast Hwy, Laguna Beach, CA 92651

 

November 20: Venice (11:00 am – 7:00 pm)

Advertisement

Rivian Venice Space – 660 Venice Blvd., Venice, CA 90291

 

November 22 to 27 and November 30 to December 1: Los Angeles Auto Show

Los Angeles Convention Center – 1201 S Figueroa St, Los Angeles, CA 90015

  • 11/22 to 11/24: 9:00 a.m. – 5:00 p.m.
  • 11/25 to 11/27: 11:00 a.m. – 5:00 p.m.
  • 11/28 to 11/29: No viewings of R2 and R3X for holiday
  • 11/30: 9:00 a.m. – 5:00 p.m.
  • 12/1: 9:00 a.m. – 5:00 p.m.

Note: The Rivian R3X will not be displayed at the LA Auto Show.

 

Advertisement

Rivian R2 and R3X appearances in 2025

January 11 to 20: Detroit Auto Show

Huntington Place: 1 Washington Blvd., Detroit, MI 48226

  • 1/11 to 1/14: 10:00 a.m. – 8:00 p.m.
  • 1/15 to 1/16: 1:00pm – 8:00 p.m.
  • 1/17 to 1/19: 10:00 a.m. – 8:00 p.m.
  • 1/20: 10:00 a.m. – 7:00 p.m.

February 8 to 17: Chicago Auto Show

McCormick Place: 2301 S Martin Luther King Dr, Chicago, IL 60616

  • 2/8: 10:00 a.m. – 9:00 p.m.
  • 2/9: 10:00 a.m. – 6:00 p.m.
  • 2/10 to 2/16: 10:00 a.m. – 9:00 p.m.
  • 2/17: 10:00 a.m. – 8:00 p.m.

February 19 to 23: Toronto (Canadian International Auto Show)

Metro Toronto Convention Centre: 255 Front St W, Toronto, ON M5V 2W6, Canada

  • Time: TBD

March 19 to 23: Vancouver Auto Show

Vancouver Convention Centre: 1055 Canada Place, Vancouver, B.C.

Advertisement
  • 3/19: 12:00 p.m. – 9:00 p.m.
  • 3/20 to 3/22: 10:00 a.m. – 9:00 p.m.
  • 3/23: 10:00 a.m. – 6:00 p.m.

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Rivian and Volkswagen expand joint venture in hopes of surviving EV transition

Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

News

Tesla axed one of the Model Y’s best features in ‘Standard’ trims: here’s why

Lars Moravy explains why Tesla chose to go with a glass roof in the new Standard trims, despite it not being visible.

Published

on

Credit: Tesla

Tesla chose to implement a glass roof on the new Model Y ‘Standard’, despite the fact that you won’t be able to see it from the inside.

In the new Model Y ‘Standard’ configuration, one of the biggest changes is the lack of a glass roof, which is one of the more unique features Tesla offers.

How Tesla’s Standard models will help deliveries despite price disappointment

The entire roof of the Model Y’s ‘Premium’ and Performance trims is glass, giving everyone in the car an astounding view of the sky.

However, Tesla chose to cover this up in the new ‘Standard’ trim level. Here’s a look at it:

Credit: ItsKimJava | X

Despite it not being visible from the inside, the roof is still made of glass. It is only visible from the outside. Even if you removed the headliner in the Model Y ‘Standard,’ you would not be able to see the outside, because the glass is opaque:

Tesla’s Vice President of Powertrain, Lars Moravy, commented on the use of glass in the Premium models and how it differs from the glass in the Standard trims:

“All glass is NOT created equal. Remember, the Model Y Premium glass is laminated with silver IR reflective coatings to make it super comfy and reject solar load… the standard is not… plus LOTS of people wanted a closed headliner, always trying to listen (and improve road noise at the same time).”

The decision to cover up the glass while still using it was an efficiency choice. Moravy said Tesla chose to keep the glass for the new Standard models due to “cost, supply chain, and manufacturing efficiency.”

Tesla launched the Standard models on Tuesday. The cars were effectively a counter to the loss of the $7,500 EV tax credit.

Continue Reading

News

How Tesla’s Standard models will help deliveries despite price disappointment

“What a giant miss,” one person said.

“With all due respect, no way is this what y’all have been hyping for 6 quarters…” another one claimed.

“So…where are the affordable models?” another reply read.

Published

on

Credit: Tesla

When Tesla unveiled its Standard versions of the Model 3 and Model Y this week, reactions were mixed. Many liked the addition of two new models, but they were also concerned about the price.

“What a giant miss,” one person said.

“With all due respect, no way is this what y’all have been hyping for 6 quarters…” another one claimed.

“So…where are the affordable models?” another reply read.

Tesla launches two new affordable models with ‘Standard’ Model 3, Y offerings

There’s no arguing it: $36,990 and $39,990 for the Model 3 Standard and Model Y Standard were not what consumers had in mind.

But, despite Tesla getting its new offerings to a price that is not necessarily as low as many expected, the two cars still have a chance to assist with quarterly deliveries.

Here’s how:

First-time Tesla buyers will lean toward Standard models

Tesla owners have become accustomed to expecting all the bells and whistles in their cars. Heated seats, ventilated seats, acoustic glass, vegan leather, industry-leading performance, world-class range, and a glass roof are all expected by current or past owners.

But what about new owners?

New owners do not have these high expectations, so to many of those who have not sat in a Tesla or driven one before, they are going to be blown away by the minimalistic looks, capabilities, and features of the Standard models.

The Premium models will feel like the high-end offerings that other automakers also have for sale, except they’ll only be a few thousand dollars more than Tesla’s base models. With other companies, the price for these higher-end trims is $10,000 or more.

The more affordable Standard models will be there, but if buyers want the extra features, they’ll likely be able to justify the extra few thousand dollars.

Tesla’s Standard Models fall under the U.S. Average Transaction Price

Kelley Blue Book releases a new report each month showing the average transaction price (ATP) of all vehicles sold in the U.S. for that month.

The latest report, released on September 10 for the month of August, revealed an ATP of $49,077. This was up 0.5% from July ($48,841) and higher year over year by 2.6%.

Technically, Tesla’s new Standard models fall well under that ATP, meaning they technically do qualify as “affordable.” However, realistically speaking, affordable does not mean “under the national average.”

It means accessible for low-income families, single-parent households, and other groups. This would likely be under $30,000.

Déjà Vu with the Cybertruck Rear-Wheel-Drive

When Tesla offered the Cybertruck RWD, it stripped out many of the best features of the Cybertruck, such as the adjustable air suspension, powered tonneau cover, and interior materials, just to name a few.

It was $10,000 less than the Cybertruck AWD, but many people essentially viewed it as a way to push consumers toward the more expensive variants, since the discount was a better value than missing out on features.

Tesla released the Cybertruck RWD to make the AWD look like a deal

Something similar could happen with the Standard models. With it only being a few thousand dollars less than the Premium Model 3 and Model Y, some consumers will see it as a better option to go with the more expensive trim levels.

Even if they don’t, many car buyers will see it as a deal to grab the Standard versions.

Continue Reading

News

Tesla bull sees a new path to 600,000 deliveries per quarter

“We believe the launch of a lower cost model represents the first step to getting back to a ~500k quarterly delivery run-rate, which will be important to stimulate demand for its fleet with the EV tax credit expiring at the end of September.”

Published

on

Credit: Tesla

Tesla (NASDAQ: TSLA) bull Dan Ives of Wedbush Securities published a new note to investors on Thursday evening, which seemed to open up the possibility of the automaker returning to a growth rate in terms of deliveries.

After nearly two years of leveling off with deliveries, which was expected, Tesla is now slated to potentially return to growth, Ives says, as it has introduced new, more affordable models. It launched its Standard offerings for the Model 3 and Model Y this week, a strategy to bring cheaper cars to customers amid the loss of the $7,500 tax credit.

In his note to investors, Ives said:

“We believe the launch of a lower cost model represents the first step to getting back to a ~500k quarterly delivery run-rate, which will be important to stimulate demand for its fleet with the EV tax credit expiring at the end of September.”

Although these cars come in only slightly under $40,000, there is some belief that they will do two things: attract car buyers looking for an under-$40k EV with Tesla’s technology and infrastructure, or push those on the fence to the now-Premium models, which are simply the Long Range Rear-Wheel-Drive and Long Range All-Wheel-Drive.

Ives said in the note that Tesla’s plans for a $25,000 car are “on hold,” but it seems as if that vehicle will be the Cybercab, which the company unveiled a year ago today.

That project seems to be moving forward as well, based on what we saw at both Fremont and Gigafactory Texas yesterday. At Fremont, the Cybercab was spotted on the Test Track, while crash-tested units were spotted at the factory in Austin.

After the Standard models were rolled out and the Cybercab or another $25,000 unit arrives, Ives believes Tesla could actually get closer to 600,000 deliveries per quarter, he said on CNBC this morning:

Moving forward, Tesla has much more going for it than its potential growth in quarterly deliveries. Ives recognizes that a majority of what Tesla’s value will come from in the future: AI and autonomy.

Ives said:

“The AI valuation will start to get unlocked in the Tesla story and we believe the march to an AI driven valuation for TSLA over the next 6-9 months has now begun in our view with FSD and autonomous penetration of Tesla’s installed base and the acceleration of Cybercab in the US representing the golden goose for Musk & Co. We believe Tesla could reach a $2 trillion market cap early 2026 in a bull case scenario and $3 trillion by the end of 2026 as full scale volume production begins of the autonomous and robotics roadmap.”

Ives and Wedbush maintained their $600 price target and ‘Outperform’ rating on Tesla stock.

Continue Reading

Trending