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First Tesla Model 3 right-hand drive deliveries underway in the UK
If recent sightings are any indication, Tesla Model 3 right-hand drive (RHD) variants will soon be in the hands of anxiously awaiting customers in the UK.
A recent photo posted to the Tesla Motors Club forum, later shared on Twitter, revealed a semi truck transporter loaded with Model 3 RHD cargo on a highway headed towards London. The two visible all-electric midsize sedans in the the first image were Red Multi-Coat, sporting white interiors and carbon spoilers already installed. A second photo of another delivery hauler shared later revealed a mix of black and Deep Blue Metallic Model 3 vehicles, notably without Aero Wheel covers attached.
Further evidence that the Model 3 cargo en route to London is intended for customers, not simply show rooms for test drives, comes in the form of text messages from Tesla that several local customers have reported receiving. As revealed on Tesla Motors Club (TMC), the messages read as follows:
“Congratulations, you will be among the first to take delivery of Model 3 in the UK. Your delivery is scheduled for 20/6 14:00 in London, Heathrow. We will contact you shortly to confirm the final details. Please log in towww.tesla.com/teslaaccount to complete your delivery profile as soon as possible.”
More spotted pic.twitter.com/NZ9JAYBfkD
— Richard Symons – RSEV (@RSymonsLTD) June 15, 2019
If the Model 3 cargo in the recent photos isn’t intended for initial customer deliveries after all, several shipments are reportedly arriving in the UK soon specifically for the purpose. One reservation holder and TMC member detailed a call received from Tesla which provided upcoming shipment information. Specifically, out of 1,000 cars on the cargo ship Grand Mark, 150 of them are Model 3 RHD set for delivery at the end of June. Grand Mark is estimated to arrive in the Port of Zeebrugge, Belgium on June 19th, according to MarineTraffic.com. Following that shiment are two other ships with 2,000 RHD cars each set for deliveries in July and August, per the call from Tesla.
Tesla also reportedly shared certain criteria the company is using to determine the order in which customers will take delivery. First is customers’ place in the order queue, second are the specifications of the cars as ordered (assumingly the more popular/standard packages will be first), and third, the detail completion on customer account pages.
Tesla originally debuted the Model 3 (left-hand-drive) in the UK in July 2018 at the Goodwood Festival of Speed, making impending RHD deliveries a long time coming for prospective customers. An RHD variant was first spotted on a California highway near Tesla’s Fremont factory back in March, which was shortly after VINs identifying that particular driving position indicated the cars had been recently built. The Model 3 online configurator for UK customers opened on May 1, as promised by CEO Elon Musk.
Delivery logistics will obviously be the next challenge for Tesla since large shipments to the UK are now underway. The experience the all-electric car maker has gained over the last few months, especially in China where Tesla’s service teams were working around the clock to deliver vehicles, will hopefully ensure a fairly smooth hand over process for all RHD customers.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
