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Rivian announces R1T pickup truck: $69k starting price, 400+ mile range, and 11k-lb towing capacity
US-based EV startup Rivian has come out of the shadows to announce the specs of its first vehicle — the R1T all-electric pickup truck. The R1T, which seats five passengers, is designed from the ground up to be as comfortable off the beaten path as it is on paved roads. Armed to the teeth with clever features and cutting-edge technology, Rivian’s first entry into the electric vehicle market has the potential to be a game-changer.
Rivian spent the better part of the past decade developing its first vehicles — the R1T pickup truck and the R1S SUV, which is set to be unveiled tomorrow at the LA Auto Show. Only the specs of the R1T have been unveiled so far, though in terms of performance, range, and features, the pickup truck is notably impressive. The R1T, for one, is equipped with four electric motors, each one having a power capacity of 147 kW, as well as 3,500 Nm of grounded torque per wheel.
Three battery pack variants will be offered for the vehicle — a 180 kWh battery that is expected to give 400+ miles of range per charge, a 135 kWh option that gives 300+ miles of range per charge, and a 105 kWh variant, which will give about 230+ miles of range per charge. Rivian plans to start manufacturing the R1T’s higher-end options first, followed by the entry-level version, which starts at $69,000 within 12 months from the start of production. Production for the R1T is expected to begin in 2020.
The Rivian R1T all-electric pickup truck. [Credit: Rivian]
Being a vehicle designed for the outdoors, the Rivian R1T has the capability to wade through up to 1 meter of water. The pickup, while comparable in size to trucks like the Ford Ranger and the Toyota Tacoma, also outguns its competition in terms of towing capacity. Thanks to its four electric motors, the R1T has a towing capacity of 11,000 pounds, a figure that is more comparable to America’s best-selling vehicle, the larger Ford F-150.
There’s also a lot of storage in the R1T, with a frunk that offers 11.7 cubic feet (330 liters) and a “gear tunnel” — a storage area that spans the width of the vehicle, — that provides an additional 12.4 cubic feet (350 liters) of space. Rivian notes that the gear tunnel would be perfect for storing items like skis, fishing rods, and golf bags. The all-electric pickup’s bed is also fitted with three 110-volt outlets with more than 400 watts available at each, as well as a compressed air source for filling in bike tires.
While the Rivian R1T is evidently designed to be a vehicle that is at home in rough terrain, the pickup truck still features some of the trademark features of premium electric vehicles. Just like Tesla’s electric cars, the R1T features impressive acceleration, with the entry-level truck hitting 60 mph in 4.9 seconds and the 180 kWh top-tier variant going from 0-60 in 3.2 seconds. Interestingly, the mid-level 135 kWh variant of the R1T is the quickest, with a 0-60 mph time of 3 seconds flat. All three versions of the vehicle have a top speed of 125 mph, similar to the Mid Range Model 3 RWD.
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- (Photo: Rivian)
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- The Rivian RT1’s spec sheet. [Credit: Rivian]
The Rivian R1T all-electric pickup truck. [Credit: Rivian]
The R1T’s futuristic approach to adventure could be seen in the design flourishes on its interior. The vehicle is equipped with a 15.6″ landscape-oriented center touchscreen, as well as a 12.3-inch display that takes the place of an instrument cluster. A 6.8-inch touchscreen is placed at the back of the center console, giving rear passengers infotainment and climate control access. The R1T’s steering wheel also features two thumb dials, just like the Model 3. Finally, the R1T is fitted with hardware that allows it to be fully self-driving in the future, thanks to a suite of cameras, lidar, radar, ultrasonic, and high-precision GPS technologies.
In a statement to The Verge, Rivian CEO and founder RJ Scaringe stated that the company is laser-focused on the adventure niche. The founder further explained that Rivian stayed largely in the shadows over the past years to ensure that its first vehicles are refined and competitive once they enter the market.
“They may have different form factors, they may be different sizes, but every single one of [our products] has to have this Patagonia-like feel of enabling adventure. We want to keep that very sharp. We want to focus only on the adventure space, so customers understand what we stand for.”
“We were quiet in stealth mode to avoid getting caught in this sort of hype cycle, and we said let’s make sure we have all the pieces lined up — the vehicle, the technology, the team, the supply chain, the manufacturing plant — before we actually talk about it. Because of that, some people have been questioning [us]. People need to see that this is very, very real,” Scaringe said.
Interested buyers could place a refundable deposit of $1,000 for the Rivian R1T here.
Elon Musk
Tesla CEO Elon Musk drops massive bomb about Cybercab
“And there is so much to this car that is not obvious on the surface,” Musk said.
Tesla CEO Elon Musk dropped a massive bomb about the Cybercab, which is the company’s fully autonomous ride-hailing vehicle that will enter production later this year.
The Cybercab was unveiled back in October 2024 at the company’s “We, Robot” event in Los Angeles, and is among the major catalysts for the company’s growth in the coming years. It is expected to push Tesla into a major growth phase, especially as the automaker is transitioning into more of an AI and Robotics company than anything else.
The Cybercab will enable completely autonomous ride-hailing for Tesla, and although its other vehicles will also be capable of this technology, the Cybercab is slightly different. It will have no steering wheel or pedals, and will allow two occupants to travel from Point A to Point B with zero responsibilities within the car.
Tesla shares epic 2025 recap video, confirms start of Cybercab production
Details on the Cybercab are pretty face value at this point: we know Tesla is enabling 1-2 passengers to ride in it at a time, and this strategy was based on statistics that show most ride-hailing trips have no more than two occupants. It will also have in-vehicle entertainment options accessible from the center touchscreen.
It will also have wireless charging capabilities, which were displayed at “We, Robot,” and there could be more features that will be highly beneficial to riders, offering a full-fledged autonomous experience.
Musk dropped a big hint that there is much more to the Cybercab than what we know, as a post on X said that “there is so much to this car that is not obvious on the surface.”
And there is so much to this car that is not obvious on the surface
— Elon Musk (@elonmusk) January 2, 2026
As the Cybercab is expected to enter production later this year, Tesla is surely going to include a handful of things they have not yet revealed to the public.
Musk seems to be indicating that some of the features will make it even more groundbreaking, and the idea is to enable a truly autonomous experience from start to finish for riders. Everything from climate control to emergency systems, and more, should be included with the car.
It seems more likely than not that Tesla will make the Cybercab its smartest vehicle so far, as if its current lineup is not already extremely intelligent, user-friendly, and intuitive.
Investor's Corner
Tesla Q4 delivery numbers are better than they initially look: analyst
The Deepwater Asset Management Managing Partner shared his thoughts in a post on his website.
Longtime Tesla analyst and Deepwater Asset Management Managing Partner Gene Munster has shared his insights on Tesla’s Q4 2025 deliveries. As per the analyst, Tesla’s numbers are actually better than they first appear.
Munster shared his thoughts in a post on his website.
Normalized December Deliveries
Munster noted that Tesla delivered 418k vehicles in the fourth quarter of 2025, slightly below Street expectations of 420k but above the whisper number of 415k. Tesla’s reported 16% year-over-year decline, compared to +7% in September, is largely distorted by the timing of the tax credit expiration, which pulled forward demand.
“Taking a step back, we believe September deliveries pulled forward approximately 55k units that would have otherwise occurred in December or March. For simplicity, we assume the entire pull-forward impacted the December quarter. Under this assumption, September growth would have been down ~5% absent the 55k pull-forward, a Deepwater estimate tied to the credit’s expiration.
“For December deliveries to have declined ~5% year over year would imply total deliveries of roughly 470k. Subtracting the 55k units pulled into September results in an implied December delivery figure of approximately 415k. The reported 418k suggests that, when normalizing for the tax credit timing, quarter-over-quarter growth has been consistently down ~5%. Importantly, this ~5% decline represents an improvement from the ~13% declines seen in both the March and June 2025 quarters.“
Tesla’s United States market share
Munster also estimated that Q4 as a whole might very well show a notable improvement in Tesla’s market share in the United States.
“Over the past couple of years, based on data from Cox Automotive, Tesla has been losing U.S. EV market share, declining to just under 50%. Based on data for October and November, Cox estimates that total U.S. EV sales were down approximately 35%, compared to Tesla’s just reported down 16% for the full quarter. For the first two months of the quarter, Cox reported Tesla market share of roughly a 65% share, up from under 50% in the September quarter.
“While this data excludes December, the quarter as a whole is likely to show a material improvement in Tesla’s U.S. EV market share.“
Elon Musk
Tesla analyst breaks down delivery report: ‘A step in the right direction’
“This will be viewed as better than feared deliveries and a step in the right direction for the Tesla story heading into 2026,” Ives wrote.
Tesla analyst Dan Ives of Wedbush released a new note on Friday morning just after the company released production and delivery figures for Q4 and the full year of 2025, stating that the numbers, while slightly underwhelming, are “better than feared” and as “a step in the right direction.”
Tesla reported production of 434,358 and deliveries of 418,227 for the fourth quarter, while 1,654,667 vehicles were produced and 1,636,129 cars were delivered for the full year.
Tesla releases Q4 and FY 2025 vehicle delivery and production report
Interestingly, the company posted its own consensus figures that were compiled from various firms on its website a few days ago, where expectations were set at 1,640,752 cars for the year. Tesla fell about 4,000 units short of that. One of the areas where Tesla excelled was energy deployments, which totaled 46.7 GWh for the year.
🚨 Wedbush’s Dan Ives has released a new note on Tesla $TSLA:
“Tesla announced its FY4Q25 delivery numbers this morning coming in at 418.2k vehicles slightly below the company’s consensus delivery estimate of 422.9k but much better than the whisper numbers of ~410k as the…
— TESLARATI (@Teslarati) January 2, 2026
In terms of vehicle deliveries, Ives writes that Tesla certainly has some things to work through if it wants to return to growth in that aspect, especially with the loss of the $7,500 tax credit in the U.S. and “continuous headwinds” for the company in Europe.
However, Ives also believes that, given the delivery numbers, which were on par with expectations, Tesla is positioned well for a strong 2026, especially with its AI focus, Robotaxi and Cybercab development, and energy:
“This will be viewed as better than feared deliveries and a step in the right direction for the Tesla story heading into 2026. We look forward to hearing more at the company’s 4Q25 call on January 28th. AI Valuation – The Focus Throughout 2026. We believe Tesla could reach a $2 trillion market cap over the coming year and, in a bull case scenario, $3 trillion by the end of 2026…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
It’s no secret that for the past several years, Tesla’s vehicle delivery numbers have been the main focus of investors and analysts have looked at them as an indicator of company health to a certain extent. The problem with that narrative in 2025 and 2026 is that Tesla is now focusing more on the deployment of Full Self-Driving, its Optimus project, AI development, and Cybercab.
While vehicle deliveries still hold importance, it is more crucial to note that Tesla’s overall environment as a business relies on much more than just how many cars are purchased. That metric, to a certain extent, is fading in importance in the grand scheme of things, but it will never totally disappear.
Ives and Wedbush maintained their $600 price target and an ‘Outperform’ rating on the stock.
Tesla CEO Elon Musk drops massive bomb about Cybercab
Tesla Q4 delivery numbers are better than they initially look: analyst
