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Tesla launches upgraded Model 3, more Model Y variants in South Korea

Credit: Tesla Asia/X

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The upgraded Tesla Model 3, as well as the Model Y Long Range Dual Motor All Wheel Drive (AWD) and Model Y Performance, are now available for customer orders in South Korea. The inclusion of the all-electric sedan and more variants of the all-electric crossover could help establish Tesla’s place as one of South Korea’s top vehicle importers.

As could be seen in Tesla Korea’s order page, the upgraded Model 3 starts at ₩51,990,000 ($38,500) for the Rear Wheel Drive (RWD) version. The Model 3 Long Range Dual Motor All Wheel Drive (AWD), on the other hand, is available for ₩59,990,000 ($44,500) before options. The Model Y Long Range Dual Motor AWD starts at ₩63,990,000 ($47,400), and the Model Y Performance starts at ₩71,990,000 ($53,400).

Tesla’s South Korea order page estimates the delivery date of the upgraded Tesla Model 3 to be 1-3 months for both the RWD and Long Range Dual Motor AWD versions. The Model Y RWD, Long Range Dual Motor AWD, and Performance are listed with an estimated delivery time of 3-6 months. 

During the first quarter, Tesla only sold one variant of the Model Y, the base Rear Wheel Drive (RWD) version, in South Korea, and the upgraded Model 3 was not sold in the country all. Despite this, figures from the Korea Automobile Importers & Distributors Association indicated that Tesla ended March 2024 as the country’s second-largest vehicle importer with 6,025 registrations. 

By doing so, Tesla dethroned Mercedes-Benz, which was usually South Korea’s second-largest vehicle importer, for the first time. To be fair, Mercedes-Benz also experienced challenges in South Korea last month in the form of delivery delays due to political tensions in the Middle East

Considering that Tesla was only selling the Model Y RWD in South Korea in the first quarter, the company’s performance in the country was already very impressive. Tesla’s 6,025 registrations were also pretty close to the country’s top vehicle importer, BMW, which saw 6,549 registrations. With the upgraded Model 3 and two other Model Y variants being made available for consumers, it may only be a matter of time before Tesla dominates South Korea’s rankings for imported vehicles.

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla Cybercab almost looks production ready in new photos

Tesla’s AI team recently posted an image of the Cybercab going Animal Style at an In-and-Out drive-through.

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Credit: Tesla AI/X

Tesla’s AI team recently posted an image of the Cybercab going Animal Style at an In-and-Out drive-through. But while the Cybercab’s passengers were quite funny, the photos themselves suggest that some of the Cybercab’s components may already be production-ready.

Cybercab goes Animal Style

Seemingly as a fun Halloween post, the Tesla AI team shared a photo of a Cybercab, complete with passengers who were in costume, at an In-and-Out drive through. Based on the photos that were shared on X, it appeared that the Cybrcab was being accompanied by a Tesla Model Y Premium. The Tesla AI team shared a lighthearted caption to the image, writing “Animal Style,” a reference to a popular secret menu item for the fast food chain.

In a way, the Tesla AI team’s Halloween post was a lighthearted reference to the popularity of In-and-Out among Tesla owners. This is partly because of the Tesla Supercharger network, which has numerous locations that are close to In-and-Out sites. Elon Musk has also jokingly confirmed in the past that driving prototype Teslas through an In-and-Out is a tradition and a fun milestone marker.

Apparent production-ready Cybercab sections

While the Tesla AI team’s photos provided some lighthearted fun to the EV community, some industry watchers pointed out that the Cybercab in the photos looked production ready, or at least some parts of it seem to be. This is especially noticeable in the Cybercab’s front end, which looks very refined and well-built. 

The front end of the Cybercab on the In-and-Out photo even had a license plate mount, and previous sightings revealed that the door of the vehicle had been updated since it was unveiled last year.

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With this in mind, speculations are abounding that the Cybercab might indeed be ready for initial production soon. The installation of production equipment in Giga Texas has been ongoing for several months now, and tests of the Cybercab in both the Giga Texas complex and on public roads have also ramped. 

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Investor's Corner

Michael Dell points out practical advantage of Elon Musk’s proposed pay package

As pointed out by the Dell Technologies CEO, Musk will only be rewarded if he delivers extraordinary value to shareholders

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Michael Dell points out practical advantage of Elon Musk’s proposed pay package

Michael Dell has weighed in on Elon Musk’s controversial 2025 CEO Performance Award, offering a grounded perspective amidst the noise surrounding the pay package today.

As pointed out by the Dell Technologies CEO, Musk will only be rewarded if he delivers extraordinary value to shareholders. Musk would quite literally receive no compensation if he fails to achieve his targets.

Dell emphasizes results over rhetoric

Dell shared his thoughts about Musk’s 2025 CEO Performance Award in a post on X.“Vote FOR Elon Musk. The award is only achieved IF he hits exceptionally ambitious market-cap and operational milestones—if he falls short, he gets nothing,” Dell wrote in his post. 

“If he succeeds, shareholders will win big through unprecedented value creation, and he will earn added voting rights to continue driving Tesla’s long-term vision.”

Musk replied with a short “Thanks Michael,” acknowledging Dell’s support. Dell’s framing cuts through the debate surrounding Musk’s compensation, as he simply focused on the incentive structure’s risk-reward balance.

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Musk’s ambitious pay package

Elon Musk’s 2025 CEO Performance Award requires Tesla’s market capitalization to rise from roughly $1.1 trillion today to $8.5 trillion within a decade. This would make Tesla more valuable than any company in history.

Apart from this, Tesla’s operating profit must also grow from $17 billion to $400 billion annually. Musk must also lead the company to several product-related milestones, such as 20 million cumulative vehicle deliveries, 10 million Full Self-Driving subscriptions, 1 million Tesla Bots, and 1 million operating Robotaxis.

So far, proxy advisors Glass Lewis and ISS have urged shareholders to vote against the plan. Some prominent investors, including ARK Invest CEO Cathie Wood, however, have voiced strong support for the plan. Wood called Musk “the most productive human being on earth,” arguing that his vision and ability to attract talent are central to Tesla’s success.

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Starlink V3 satellites could enable SpaceX’s orbital computing plans: Musk

Musk’s remarks come as companies explore how orbital infrastructure could solve the Earth-bound energy and cooling challenges that come with hyperscale AI computing.

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(Credit: SpaceX)

As artificial intelligence fuels surging demand for computing power, Elon Musk has hinted that SpaceX may use its Starlink V3 satellites to develop space-based data centers. 

Musk’s remarks come as companies explore how orbital infrastructure could solve the Earth-bound energy and cooling challenges that come with hyperscale AI computing.

SpaceX could lead the race to orbit-based computing

After Ars Technica published a report on autonomous space construction, Musk replied on X: “Simply scaling up Starlink V3 satellites, which have high speed laser links would work. SpaceX will be doing this.” 

SpaceX’s Starlink V3 platform is capable of up to 1 terabit per second (Tbps) throughput, so it could potentially form the foundation for orbital computing clusters powered by solar energy. 

Proponents have noted that such data centers could eliminate the massive land, water, and power footprints of traditional facilities on Earth. Critics, however, have question the economics and complexity of maintaining large-scale data systems in orbit.

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Elon Musk, for his part, recently reiterated on X that this particular idea is a very big deal. 

SpaceX’s track record is substantial

Despite the reservations for such a radical idea, SpaceX’s track record is pretty much bulletproof at this point. The company’s Starlink network, once deemed as unrealistic by critics, now delivers broadband to millions worldwide while turning a profit. Its Falcon 9 rockets, which are capable of landing on land or on a drone in the middle of the ocean, are also among the world’s most reliable. 

With this track record in mind, it would seem that Elon Musk’s idea of using Starlink satellites as the building blocks for a space-based data center might not be too farfetched at all.

Interest in space-based data storage and processing has intensified in recent months, Ars noted. Former Google CEO Eric Schmidt reportedly acquired Relativity Space with an eye on orbital data infrastructure, while Jeff Bezos recently predicted gigawatt-scale data centers will operate in space within two decades.

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