Tesla Model 3
Elon Musk tells Recode, Tesla Model 3 design is six weeks from completion
Elon Musk told the 2016 Code Conference on June 2 that it will be “pencils down” on the design of the Model 3 in about 6 weeks time. He promised a major new showing of the car before the end of this year.

Speaking to the third annual Code Conference in Rancho Palos Verdes, California on June 2, Elon Musk announced that the final design of the Model 3 would be ready in about 6 weeks time. “Almost all of the Model 3 design is done, and we’re aiming for pencils down basically in six weeks, complete pencils down. And we’re tabling — you know, if there are ideas for future cool things, we’ll have it in version 2, version 3,” he said.
That last part echoes his remarks at the Tesla Motors annual meeting the day before. He told shareholders, “I particularly need to fault myself for … putting too much technology all at once into a product. We have these great ideas. The smart move would have been to table those for version 2 or version 3.”
Like most humans, Elon Musk makes mistakes. Unlike most humans, he learns from them. Tesla Motors prides itself on not having annual model changes. Instead, it focuses on a policy of constant improvements. That sometimes puts customers in a quandary about when is the best time to buy a Tesla.
Musk is signaling that the Model 3 will be a work in progress rather than a finished masterpiece. With 373,000 reservations in hand — many of them received before the car was first revealed — the company is not overly worried that people will defer their purchases to await subsequent versions of the car.
Musk told the audience at the Code Convention that Tesla will hold a “big” event for the Model 3 toward the end of this year. Perhaps that is when we will see the final production ready car. Musk has already said that there will be a Part 2 to the launch of the Model 3 and it will be even more spectacular than the Part 1 celebration that took place on March 31.
Musk also offered some thoughts about potential competition from Google and Apple, according to Recode. “Google’s done a great job at showing the potential of autonomous transport, but they’re not a car company. So they’d potentially license to other companies,” he said. “I wouldn’t say they’re a competitor,” he added.
He was asked if Apple is a competitor, Musk replied, “Yeah, that’ll be more direct.” But he thinks Apple will be too late to the party to be a factor. “I’d think there will be volume production no sooner than 2020. Is that too late?” he mused. Then he added, “I think it’s great they’re doing this, and I hope it works out.”
News
Tesla is offering a crazy choice on Model 3 to help with end of quarter push

Tesla is offering a crazy choice on the Model 3 to help with its end-of-quarter push, but it is only available in Canada.
Tesla has been offering some pretty crazy incentives to help move vehicles in various markets, including discounts, Supercharging, and other offers.
In Canada, it is offering something pretty crazy: a $5,000 discount or Free Supercharging for life:
Tesla Canada 👀 pic.twitter.com/Gbk8D2VX5J
— Joe Taylor (@Joe_D_Taylor) September 23, 2025
This would bring the price of the two Tesla Model 3 configurations:
- Tesla Model 3 RWD – $49,990
- Tesla Model 3 LRAWD – $56,990
- Tesla Model 3 Performance – $64,990
The offer only stands if delivery is taken by September 30. The company describes the terms and conditions:
“Orders will default to $5,000 off total purchase price, deducted pre-tax. Requires you to contact Tesla to switch promotion to free Supercharging if desired. Supercharging promotion is tied to your Tesla Account and cannot be transferred to another vehicle, person or order, even in the case of ownership transfer. Used vehicles and vehicles used for commercial purposes (like taxi, rideshare and delivery services) are excluded from this promotion. You are still responsible for Supercharger fees, like idle and congestion fees, when applicable. Redeemable only at Tesla-owned Superchargers. Tesla reserves the right in its sole discretion to remove the free Supercharging from your vehicle in the event of excessive charging. “
The $5,000 discount in Canada, or the unlimited Free Supercharging, is a massive deal, as it benefits those looking for a deal or those who plan to use the car as a daily driver.
Tesla offers new deal on used inventory that you won’t want to pass up
Tesla has used a lot of different deals this quarter to help push cars out and bolster Q3 delivery figures.
- Lifetime Free Supercharging or $5,000 discount on Model 3 in Canada
- 1 Year Free Supercharging on Inventory Cybertruck, Model S, Model X in the U.S.
- 18 Months free Supercharging on Model 3 in the U.S.
- Lifetime Free Supercharging with Luxe Package on Model S and Model X in the U.S.
- Up to $2,000 off Model 3 and Model Y Inventory in the U.S.
These deals have all contributed to an increase in demand and minimal vehicle inventory in various markets.
Elon Musk
Pope Leo XIV slams Elon Musk’s pay package due to misinformation (Opinion)
The Pope’s comments seem to be guided by a misunderstanding of what Elon Musk’s pay package entails.

Pope Leo XIV has voiced sharp criticism of corporate pay structures, singling out Tesla CEO Elon Musk and other business leaders as examples of the widening gap between executives and ordinary workers. The pontiff warned that excessive wealth concentration could erode societal values and fuel global polarization.
Pope Leo XIV’s comments seem to be guided by a misunderstanding of what Elon Musk’s pay package entails, and the net positive it would result to TSLA shareholders and the world as a whole.
Pope Leo XIV’s comments
In his first interview since becoming pope in May, Leo XIV, the first US-born head of the Catholic Church, pointed to reports that Musk could become the world’s first trillionaire. As noted in a report from the Financial Times, Pope Leo XIV singled out Elon Musk as an example of the type of wealth that was undermining “the value of human life, of the family, of the value of society.”
“Yesterday, the news (arrived) that Elon Musk is going to be the first trillionaire in the world. What does that mean, and what’s that about? If that is the only thing that has any value any more, then we are in big trouble,” the pontiff stated.
Musk was not the only executive who caught the ire of the leader of the Catholic Church. He noted that while Musk’s pay was problematic, it was only an example of the “continuously wider gap between the income levels of the working class and the money that the wealthiest receive.”
“CEOs that 60 years ago might have been making four to six times what the workers are receiving, the last figure I saw, it’s 600 times what average workers are receiving,” he stated.
Borne out of misrepresentation
A look at Pope Leo XIV’s comments surrounding Elon Musk’s wealth suggests that he may not necessarily be familiar with how the CEO earns his net worth. Musk’s wealth is tied to his stakes in his companies, with a good portion of it coming from Tesla and SpaceX. Thus, quite unlike what the mainstream media narrative might suggest, Elon Musk does not necessarily have a giant vault of gold coins he is hoarding somewhere.
If one were to look at Elon Musk’s pay package, which would result in him becoming a trillionaire, one would see that the CEO could only earn his keep if he proves immense value to Tesla and its shareholders.
His payout might be notable, but he would have to lead Tesla into becoming an $8.5 trillion company first. At this level, Tesla would likely be a notable force of good that would provide a net benefit for people worldwide. Ultimately, it appears that Pope Leo XIV’s comments about Musk may be borne from information gathered only through mainstream sources, some of which tend to have a notable slant against the CEO.
News
Tesla trims Model 3 Long Range RWD price in China by RMB 10,000
The update was implemented by Tesla just weeks after the variant’s introduction.

Tesla has cut the price of its recently introduced long-range rear-wheel drive (RWD) Model 3 in China.
The update was implemented by the electric vehicle maker just weeks after the variant’s introduction.
Tesla China’s Model 3 lineup
The Model 3 RWD Long Range, which carries a CLTC range of 830 kilometers, is now priced from RMB 259,500 ($36,390), down RMB 10,000 ($1,400) from its initial RMB 269,500 ($37,800) price. Deliveries for the updated variant are currently listed at 1-3 weeks for new orders.
Tesla introduced the long-range RWD Model 3 in China on August 12, positioning it as a longer range alternative to the entry-level Model 3 RWD, which is priced at RMB 235,500 ($33,000). Despite the recent update to the price of the Model 3 RWD Long Range, the cost for the other three Model 3 trims remains unchanged.
Delivery times for the base Model 3 RWD and Model 3 Dual Motor AWD are listed at 1–3 weeks across the range, while the Model 3 Performance is listed at 3–5 weeks.
Sales momentum and exports
Tesla continues to offer purchase incentives this month, including five-year zero-interest financing and an RMB 8,000 insurance subsidy, as noted in a CNEV Post report.
Model 3 sales in China reached 9,851 units in July, down 0.78% year-on-year and 40.8% month-over-month compared to June. Still, cumulative sales for the Model 3 between January and July totaled 101,770 units, reflecting a 26.5% year-on-year increase in sales.
Exports of the Model 3 stood at 12,197 units in July, down 46.5% year-on-year but surging 228.8% from June. For the first seven months of 2024, Model 3 exports totaled 70,718 units, a 42% decline.
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