News
Tesla Lead Engineer urges Rivian to optimize R2 for existing Supercharger Network
The Rivian R2 has received much acclaim from the electric vehicle community, and this is highlighted by CEO RJ Scaringe’s announcement stating that the company had received over 68,000 reservations for the upcoming all-electric crossover SUV. But while the Rivian R2 has earned praise for its price, specs, and looks, one aspect of the vehicle has raised eyebrows — its charge port location.
As could be seen in the Rivian R2 prototype that was shown off onstage, as well as the R3 and R3X prototypes that were unveiled after, the electric vehicle maker has opted to equip its upcoming vehicles with a charge port located on the rear passenger side. This, as noted by EV owners, would result in the R2 taking up two spots at Tesla’s V3 and V2 Superchargers.
EV advocate Chris Hilbert, who attended the R2 event, claimed in a post on X that Rivian was able to provide him an answer behind the R2’s charge port location. As per Hilbert, “Rivian is counting on the charging infrastructure to adapt over the next two years. Tesla should not dictate the port location. They are expecting (the) charge port location to not matter by 2026. They are also expecting the future to be curbside charging,” Hilbert wrote, though he also noted that Rivian employees were receptive when he told them that the R2’s charge port location was the vehicle’s only flaw.
I stopped back at the theater to talk to many @Rivian employees tonight. I told them this is the only flaw of the vehicle and they were wrong on charge port location. They did listen to the feedback. They have 2 years to fix it. https://t.co/d9mTqhBFWs— Chris Hilbert (@Hilbe) March 8, 2024
The Rivian R2’s charge port location has since become a well-discussed topic in social media. On Friday morning, Tesla Cybertruck Lead Engineer Wes Morrill weighed in on the matter, encouraging Rivian to move the charge port of the R2 to the rear driver’s side instead. While the Tesla Lead Engineer admitted that Tesla’s V4 Superchargers have longer cables that could accommodate electric vehicle charge port doors in any location, Tesla’s existing network of V3 and V2 Superchargers — which number over 50,000 — are optimized for vehicles whose charge port doors are located in the rear driver’s side.
“RJ Scaringe and Nick Kalayjian, cool product. Great looking prototypes. I know how these things go. There is still time to move the charge port location. It will take some re-engineering but the tools are not kicked off yet. This location will forever doom all Rivian owners to be the jerk taking two spots at a Tesla charger. Don’t do that to your customers.
@RJScaringe @nkalayjian cool product. Great looking prototypes. I know how these things go, there is still time to move the charge port location. It will take some re-engineering but the tools are not kicked off yet. This location will forever doom all Rivian owners to be the… https://t.co/T7wiylQhQH— Wes (@wmorrill3) March 8, 2024
“I know the Rivian Network has been installed to support the front left/rear right, but there are <500 Adventure Network fast charge handles vs more than 50,000 Supercharger handles. You’ve done the right thing for customers moving to NACS. Take it the last mile and put it in a location that works seamlessly with existing infrastructure. Can be the front right if you are trying to optimize for street parking. Looking forward to charging harmoniously with a great-looking EV,” Morrill wrote in a post on X.
Rivian has highlighted that it puts consumers’ feedback front and center when it designs its vehicles. Considering the substantial requests from EV community members calling for Rivian to move the location of the R2’s charge port door, it would truly be surprising if the electric vehicle maker stands firm and still releases the upcoming all-electric crossover SUV with its original charge port location.
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Investor's Corner
Tesla stock tumbles after earnings, one of its sharpest single-day declines
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
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
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.
Investor's Corner
Google’s massive stake in SpaceX will shock you
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.