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Tesla Model 3 ‘refresh’ EPA ratings reveal efficiency improvements over 2019, 2020 variants

(Photo: Tesla Photographer/Instagram)

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The official EPA range and efficiency ratings for Tesla’s Model 3 “refresh” have been posted, and they are quite impressive. Apart from the expected range upgrades listed by Tesla in the vehicle’s online configurator, it appears that the Model 3’s efficiency has also seen some improvements.

As per data from FuelEconomy.gov, The Model 3 Long Range AWD variant really does have a range of 353 miles per charge, a significant boost from its previous 322 miles. The Model 3 Performance received a slight boost, too, from 299 miles to 315 miles of range in a single charge.

InsideEVs broke down the efficiency numbers for the “refreshed” Model 3, which was labeled in FuelEconomy.gov as the 2021 Tesla Model 3. According to the site, the Tesla Model 3 Long Range AWD’s range went up by 9.6% to 353 miles while its energy consumption decreased by about 11%, from 121 MPGe in the 2020 variant to 134 MPGe after the refresh. For additional perspective, the 2021 Model 3 LR AWD’s energy consumption is equivalent to 251 Wh/mi (156 Wh/km).

(Credit: US Department of Energy)

Tesla improved the range of its 2021 Model 3 Performance by 5.4% to 315 miles when compared to its 2020 counterpart fitted with 20″ Sport wheels. Unlike the Long Range AWD, the Model 3 Performance’s efficiency remained the same after the refresh at 113 MPGe or 298 Wh/mi (185 Wh/km).

The improved range of Tesla’s Model 3 refresh caught the interest of the EV community when news about its release first came out. Many people in the Tesla community wondered and speculated on the changes the company implemented to improve the Model 3’s efficiency. Among them was the addition of a heat pump to the all-electric sedan, which is used in the Model Y to optimize the vehicle’s range and efficiency in cold weather.

(Credit: US Department of Energy)

Tesla VP of Powertrain and Energy Engineering Drew Baglino confirmed the addition of a heat pump system in the Model 3 refresh during the recent Q3 earnings call.

“I was just going to say, I mean, I think one of the things we focused on with the Model Y and now Model 3 heat pump system was learning how to build a tightly integrated system capable of moving heat to and from anywhere really, powertrain, battery, cabin, the environment, outside ambient temperatures, all the way down to like negative 20 C, so 30 C,” Baglino said, answering a question about Tesla’s HVAC tech applied to home systems.

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“I think like the heat — for heat pump in the car, being able to use the batteries both as a thermal and an electric energy reservoir is very significant,” Elon Musk elaborated.

Sandy Munro explained the significance of Tesla’s heat pump during his Model Y teardown. He noted that the heat pump system simplified the car’s climate control structure and provided Tesla a way to maximize the all-electric crossover’s efficiency. This bodes well for the vehicle’s performance in cold weather, possibly allowing the Model Y to maintain more of its estimated range even when operating in frigid temperatures.

Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Nvidia CEO Jensen Huang regrets not investing more in Elon Musk’s xAI

The CEO stated that Nvidia is already an investor in xAI, but he wished he had given the artificial intelligence startup more money.

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Credit: Elon Musk/X

Nvidia CEO Jensen Huang revealed that one of his investment regrets is not putting more money into Elon Musk’s artificial intelligence startup, xAI. 

Speaking in a CNBC interview, Huang said Nvidia is already an investor in xAI but wished he had given the artificial intelligence startup more money. This was due to Musk’s record of building transformative companies such as Tesla and SpaceX.

A new wave of transformative AI firms

Huang said he’s very excited about xAI’s latest financing round. He described Musk’s company as part of a powerful new generation of AI developers, alongside OpenAI and Anthropic. that are reshaping the computing landscape.

“I’m super excited about the financing opportunity they’re doing. The only regret I have about xAI, we’re an investor already, is that I didn’t give him more money. You know almost everything that Elon’s pat of, you really want to be part of as well,” the Nvidia CEO stated.

The CEO also clarified Nvidia’s investment in xAI, revealing that Elon Musk had offered the investment opportunity to the chipmaker. “He (Musk) gave us the opportunity to invest in xAI. I’m just delighted by that,” Huang stated.

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AI investment boom

Huang contrasted today’s AI-driven economy with the early days of the internet. “Back then, all the internet companies combined were maybe $30 or $40 billion in size,” he said. “If you look at the hyperscalers now, that’s about $2.5 trillion of business already operating today.”

He also stated that the ongoing shift from CPU-based computing to GPU-powered generative AI represents a “multi-trillion-dollar buildout” that Nvidia is looking to support. Huang added that every Nvidia engineer now works with AI coding assistants such as Cursor, which he called his “favorite enterprise AI service,” and it has led to a major productivity boost across the company.

Watch Nvidia CEO Jensen Huang’s CNBC interview in the video below.

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Investor's Corner

Stifel raises Tesla price target by 9.8% over FSD, Robotaxi advancements

Stifel also maintained a “Buy” rating for the electric vehicle maker.

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Credit: Tesla China

Investment firm Stifel has raised its price target for Tesla (NASDAQ:TSLA) shares to $483 from $440 over increased confidence in the company’s self-driving and Robotaxi programs. The new price target suggests an 11.5% upside from Tesla’s closing price on Tuesday.

Stifel also maintained a “Buy” rating despite acknowledging that Tesla’s timeline for fully unsupervised driving may be ambitious.

Building confidence

In a note to clients, Stifel stated that it believes “Tesla is making progress with modest advancements in its Robotaxi network and FSD,” as noted in a report from Investing.com. The firm expects unsupervised FSD to become available for personal use in the U.S. by the end of 2025, with a wider ride-hailing rollout potentially covering half of the U.S. population by year-end.

Stifel also noted that Tesla’s Robotaxi fleet could expand from “tiny to gigantic” within a short time frame, possibly making a material financial impact to the company by late 2026. The firm views Tesla’s vision-based approach to autonomy as central to this long-term growth, suggesting that continued advancements could unlock new revenue streams across both consumer and mobility sectors.

https://twitter.com/AIStockSavvy/status/1975893527344345556

Tesla’s FSD goals still ambitious

While Stifel’s tone remains optimistic, the firm’s analysts acknowledged that Tesla’s aggressive autonomy timeline may face execution challenges. The note described the 2025 unsupervised FSD target as “a stretch,” though still achievable in the medium term.

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“We believe Tesla is making progress with modest advancements in its Robotaxi network and FSD. The company has high expectations for its camera-based approach including; 1) Unsupervised FSD to be available for personal use in the United States by year-end 2025, which appears to be a stretch but seems more likely in the medium term; 2) that it will ‘probably have ride hailing in probably half of the populations of the U.S. by the end of the year’,” the firm noted.

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Tesla Cybertruck’s Full Self-Driving update is ‘coming soon’

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Tesla Cybertruck owners are wondering when they will get access to the company’s Full Self-Driving version 14.1 that rolled out to other owners today for the first time.

Cybertruck owners typically receive Full Self-Driving updates slightly later than other drivers, as the process for the all-electric pickup is different. It is a larger vehicle that requires some additional attention from Tesla before FSD versions are rolled out, so they will be slightly delayed. CEO Elon Musk said the all-wheel steering technically requires a bit more attention before rollout as well.

After some owners got access to the v14.1 Full Self-Driving suite this morning, Cybertruck owners sought out a potential timeframe for when they would be able to experience things for themselves.

Tesla owners show off improvements with new Full Self-Driving v14 rollout

They were able to get an answer from Ashok Elluswamy, Tesla’s Head of AI, who said:

“We got you. Coming soon.”

The release of FSD v14.1 for Cybertruck will not be tempered, either. Elluswamy then confirmed that Tesla would be rolling out the full-featured FSD v14 for the pickup, meaning it would be able to reverse and park itself, among other features.

Elluswamy said it would be capable of these features, which were void in other FSD releases for Cybertruck in the past.

Tesla’s rollout of FSD v14.1 brings several extremely notable changes and improvements to the suite, including more refined operation in parking garages, a new ability to choose parking preferences upon arriving at your destination, a new driving mode called “Sloth,” which is even more reserved than “Chill,” and general operational improvements.

Those who were lucky enough to receive the suite have already started showing off the improvements, and they definitely seem to be a step up from what v13’s more recent versions were capable of.

CEO Elon Musk called v14 “sentient” a few weeks back, and it seems that it is moving toward that. However, he did state that additional releases with more capabilities would be available in the coming weeks, but many owners are still waiting for this first version.

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