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Rivian CEO RJ Scaringe hints at initial production of 20k-40k vehicles in 2021
Rivian CEO RJ Scaringe was recently profiled by The New York Times, and hidden among the stories about the all-electric car maker’s early design days was an inital production estimate for the R1T pickup truck and R1S SUV. In 2021, Rivian’s estimated first full year of rolling vehicles through the assembly line, Scaringe is anticipating 20,000 to 40,000 cars will be made.
The electric vehicle startup purchased its Normal, Illinois car factory from Misubishi in 2017. Since then, the Rivian team – which includes prior Mitsubishi plant workers – has been hard at work bringing the company up to a high-volume manufacturing level. Rivian’s progress is apparently going very well, and Scaringe has teased a few other projects underway for the facility such as an on-site food farm for employees.
Residents local to Rivian’s facility also appear to be giving their nod of approval to the car maker’s efforts. Earlier this week, the Normal City Council decided to move ahead with a request to rename Mitsubishi Motorway, the stretch of highway leading to Rivian’s plant, to Rivian Motorway. Another street with access to the factory is also in line for a rename – Sakura Lane will become Electric Avenue.
In driving the progress of the company, Scaringe was described as having a few parallels with Tesla’s Elon Musk. “Fortunately, my personality is one that I never lost confidence I could do it,” he told the Times. “That doesn’t mean I always knew how I was going to do it.” Musk’s matra that was repeated often in the early days of Tesla and SpaceX was similar. “If something is important enough, you do it, even if the odds are not in your favor,” he told interviewers on several occasions. Musk even admitted to the low probability of success for both of his primary companies, 10% for SpaceX, and ‘very very low’ for Tesla, specifically. Scaringe seems to have a bit of a better head start with Rivian from Tesla’s spearheading the electric vehicle industry.
A few interesting details about Rivian’s beginnings have made the rounds since the company unveiled its R1T and R1S flagship vehicles. For one, Scaringe set out to start a car company with the global environment in mind. He was a car person at heart, a Porsche fan in particular, but over time he realized there was a contradiction between what he loved and what his values were with regard to sustainability. Even the fuel-efficient sports car Rivian initially designed wasn’t good enough for what Scaringe wanted to achieve.
“In my heart and soul, I knew I wasn’t answering the fundamental question of why the world needs this company to be successful,” Scaringe is quoted as saying in the article.
He decided to start over with something else more aligned with his personal values after finishing the first car in 2011. From there, Rivian was born, built, developed, and now on the way to delivering its first all-electric adventure vehices by the end of next year. If there’s one thing that the Times piece made clear, it’s the level of dedication Scaringe and the Rivian team has put into making their R1T truck and R1S SUV a reality.
Rivian is still taking preorders on its website and aims to have its first vehicles delivered by the end of 2020.
Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Credit: TESLA
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS –Â $0.41 Reported vs. $0.36 Expected
- Revenues –Â $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow –Â $1.444 billion
- Profit –Â $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
