Tesla rolled out yet another price adjustment for the Model 3, raising the all-electric sedan’s price by $500. The price increase affects the Standard Range Plus and the Long Range Dual Motor AWD variant of the Model 3.
With the recent price adjustments in place, the Model 3 Standard Range Plus now costs $37,990, up $500 from its previous price of $37,490 before options. The Model 3 Long Range Dual Motor AWD, which previously costs $46,490, now costs $46,990 before options. The top-tier Model 3 Performance has kept its price at $55,990 before options.
The Model 3’s $500 price increase is the third adjustment that Tesla has given the vehicle in the past two months. Back in February, Tesla implemented a round of price cuts that dropped the Model 3 Standard Range Plus to $36,990 from $37,990. The Dual Motor AWD variant received a $1,000 price drop, from $49,990 to $48,990.
These prices were adjusted earlier this month when Tesla increased the prices of the two Model 3 variants by $500. With the most recent $500 price increase, Tesla has effectively returned the Model 3’s base and mid-level variant to their prices before February.
Tesla is currently in the middle of its end-of-quarter delivery push. The first quarter is traditionally soft for Tesla, so it would be interesting to see how many vehicles the company could deliver for Q1 2021, especially considering the company’s annual delivery targets.
Tesla was able to deliver 88,400 cars in the first quarter of 2020. This year, Tesla could exceed 2020’s delivery numbers, considering Elon Musk’s remarks during the Q4 and FY 2020 earnings call. At the time, he noted that Tesla could maintain a growth rate in excess of 50% per year in the coming years.
“We do think that we can maintain a growth rate in excess of 50% per year for many years to come. And at least, I’d like to — yes, at least, look forward to many — for many years to come. I think this year, we may track to a fair bit about 50%, but we don’t want to commit to that, but at least that’s what it would appear, and the same again next year. It appears to be meaningfully above 50%,” Musk said.
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NHTSA probes 2.9 million Tesla vehicles over reports of FSD traffic violations
The agency said FSD may have “induced vehicle behavior that violated traffic safety laws.”
The U.S. National Highway Traffic Safety Administration (NHTSA) has opened an investigation into nearly 2.9 million Tesla vehicles over potential traffic-safety violations linked to the use of the company’s Full Self-Driving (FSD) system.
The agency said FSD may have “induced vehicle behavior that violated traffic safety laws,” citing reports of Teslas running red lights or traveling in the wrong direction during lane changes.
As per the NHTSA, it has six reports in which a Tesla with FSD engaged “approached an intersection with a red traffic signal, continued to travel into the intersection against the red light and was subsequently involved in a crash with other motor vehicles in the intersection.” Four of these crashes reportedly resulted in one or more major injuries.
The agency also listed 18 complaints and one media report which alleged that a Tesla operating with FSD engaged “failed to remain stopped for the duration of a red traffic signal, failed to stop fully, or failed to accurately detect and display the correct traffic signal state in the vehicle interface.”
Some complainants also alleged that FSD “did not provide warnings of the system’s intended behavior as the vehicle was approaching a red traffic signal,” as noted in a Reuters report.
Tesla has not commented on the investigation, which remains in the preliminary phase. However, any potential recall could prove complicated since the reported incidents likely involved the use of older FSD (Supervised) versions that have already been updated.
Tesla’s recent FSD (Supervised) V14.1 update, which is currently rolling out to drivers, is expected to feature significantly improved lane management, intersection handling, and overall driving accuracy, reducing the chances of similar violations. It should also be noted that Tesla maintains that FSD is a supervised system for now, and thus, is not autonomous yet.
While autonomous systems face scrutiny, NHTSA’s own data highlights a much larger danger on the road from human error. The agency recorded 3,275 deaths in 2023 caused by distracted driving due to activities like texting, talking, or adjusting navigation while operating a vehicle manually. It is also widely believed that a good number of traffic violations are unreported due to their frequency and ubiquity.
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Tesla quietly files for Model Y+ in China, and its range numbers could be wild
The upcoming variant was listed in the Ministry of Industry and Information Technology’s (MIIT) public catalog.
Tesla has filed for regulatory approval of a new Model Y+ in China, hinting at a long-range update to its best-selling crossover SUV.
The upcoming variant was listed in the Ministry of Industry and Information Technology’s (MIIT) public catalog.
Mirroring Model 3+ Range
Based on the MIIT’s catalog, the Model Y+ will feature a 225 kW/302 horsepower single-motor setup. It will also feature ternary LG Energy Solution batteries, similar to the long-range Model 3+, which was launched earlier this year. The vehicle is expected to offer around 800 kilometers of CLTC range, potentially making it the longest range Model Y in Tesla China’s lineup.
The new Model Y+, identified under model number TSL6480BEVBR0, retains the same five-seat configuration and dimensions as the current Model Y. Though Tesla has not yet confirmed official range figures, industry observers expect it to be quite similar to the Model 3+’s 830-kilometer CLTC performance, as noted in a CNEV Post report.
Intensifying Competition
Tesla’s filing comes amid intensifying domestic competition in China. The U.S. EV maker sold 57,152 vehicles in August, down nearly 10% year-on-year, though up almost 41% from July’s 40,617 units, as noted by data from the China Passenger Car Association (CPCA). Still, the Model Y+ could help Tesla regain traction against strong local players by offering class-leading range and improved efficiency, two factors that have become a trademark of the electric vehicle maker in China.
Tesla’s experience with the Model 3+, which received a RMB 10,000 price cut within a month of launch, suggests that raw range numbers alone may not guarantee stronger sales. With this in mind, the rollout of features such as FSD could prove beneficial in boosting the company’s sales in the country.
One notable investor that many people will recognize said today on X that he does not understand Tesla shorts, otherwise known as $TSLAQ, and he’s giving some interesting reasons.
Martin Shkreli was long known as “Pharmabro.” For years, he was known as the guy who bought the rights to a drug called Daraprim, hiked the prices, and spent a few years in Federal prison for securities fraud and conspiracy.
Shkreli is now an investor who co-founded several hedge funds, including Elea Capital, MSMB Capital Management, and MSMB Healthcare. He is also known for his frank, blunt, and straightforward responses on X.
His LinkedIn currently shows he is the Co-Founder of DL Software Inc.
One of his most recent posts on X criticized those who choose to short Tesla stock, stating he does not understand their perspective. He gave a list of reasons, which I’ll link here, as they’re not necessarily PG. I’ll list a few:
- Fundamentals always have and will always matter
- TSLAQ was beaten by Tesla because it’s “a great company with great management,” and they made a mistake “by betting against Elon.”
- When Shkreli shorts stocks, he is “shorting FRAUDS and pipe dreams”
After Shkreli continued to question the idea behind shorting Tesla, he continued as he pondered the mentality behind those who choose to bet against the stock:
“I don’t understand ‘TSLAQ.’ Guy is the richest man in the world. He won. It’s over. He’s more successful with his 2nd, 3rd, and 4th largest companies than you will ever be, x100.
You can admit you are wrong, it’s just a feeling which will dissipate with time, trust me.”
i dont understand “$TSLAQ”. guy is the richest man in the world. he won. it’s over. he’s more successful with his 2nd, 3rd and 4th largest companies than you will ever be, x100.
you can admit you are wrong, it’s just a feeling which will dissipate with time, trust me. https://t.co/dkqrISCldp
— Martin Shkreli (@MartinShkreli) October 8, 2025
According to reports from both Fortune and Business Insider, Tesla short sellers have lost a cumulative $64.5 billion since Tesla’s IPO in 2010.
Shorts did accumulate a temporary profit of $16.2 billion earlier this year.
NHTSA probes 2.9 million Tesla vehicles over reports of FSD traffic violations
Tesla quietly files for Model Y+ in China, and its range numbers could be wild
‘I don’t understand TSLAQ:’ notable investor backs Tesla, Elon Musk
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