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Tesla debuts Model 3 to much fanfare at UK’s Goodwood Festival of Speed

[Credit: Dean Scott]

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Tesla has not yet released the Model 3 to the European market, but the electric car maker has opted to showcase the Model 3 in this year’s Goodwood Festival of Speed in West Sussex, England nonetheless. With the Model 3 making an appearance at Goodwood, Europe-based Tesla fans attending the event were able get some hands-on experience with the vehicle.

One of Teslarati‘s readers, Dean Scott, was able to win two tickets from Tesla to the motoring event. As could be seen in photos that Dean has provided, the Model 3, as well as Tesla’s other vehicles, the Model S & X, fits right in with the Festival of Speed’s lineup of impressive exhibitions. Tesla also opted to feature a red Long Range RWD Model 3 as the centerpiece of its display booth.

Tesla has brought the Model 3 to Europe as part of its display in the 2018 Goodwood Festival of Speed. [Credit: Dean Scott]

As could be seen the the images from the event, Tesla’s booth has attracted a considerable number of the event’s attendees. According to Dean, Tesla’s booth at Goodwood this year offers free snacks and drinks to Model 3 reservation holders. Due to the long queue of individuals who wish to check out the vehicle, however, there is a ~45-minute wait for attendees before they can get inside and get a hands-on experience with the Model 3.

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Tesla has a pretty considerable presence in Europe, with countries such as Norway adopting electric vehicles en masse. Tesla’s link to Europe is established by its present and future facilities in the region, such as its Tilburg assembly plant and the upcoming Gigafactory 4, which is likely to be constructed in Germany. Despite this, however, Tesla has so far been unable to bring the Model 3 to Europe, with the vehicle’s appearance on this year’s Festival of Speed marking the first time the car is officially brought to the region.

Tesla’s booth, particularly the Model 3, is proving to be popular among attendees of the 2018 Goodwood Festival of Speed. [Credit: Dean Scott]

Considering the reputation and draw of the Goodwood Festival of Speed, Tesla’s decision to showcase the Model 3 at the event is quite strategic. Goodwood, after all, draws as many as 150,000 attendees every year, with auto enthusiasts celebrating motorsports in an extensive, three-day event. Tesla has made appearances at the Festival of Speed in the past. Back in 2016 alone, Tesla participated in Goodwood’s traditional hill climb event with the Tesla Model X P90D, the luxury SUV’s top-tier variant at the time.

Over the years, the Goodwood Festival of Speed has featured an increasing number of electric cars. Rimac, for one, has participated in the past with its Concept_One all-electric supercar. Part of the reason behind the event’s support for electric cars is its founder, Charles Gordon-Lennox, the Duke of Richmond, is a huge supporter of motorsports and advanced vehicle technologies. This year alone, the Duke even invited Roborace, the creators of the autonomous AI-powered Robocar race vehicle, to participate in Goodwood’s traditional 1.16-mile hill climb run.

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Based on the attention being attracted by the Model 3, however, it seems like Tesla’s compact electric car made a very strong impression among auto enthusiasts on the first day of the 2018 Festival of Speed.

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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Investor's Corner

Lucid denies rumors of bankruptcy after over 40% stock drop

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Credit: Lucid

Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.

Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.

The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”

Twork said:

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Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.

Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.

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Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.

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Tesla owner attempts resale of Model S Signature Edition for over $260k

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Credit: Tesla

A Tesla owner who purchased a Model S Signature Edition, one of the final 250 units of the all-electric flagship vehicle that the company discontinued earlier this year, is attempting to sell the car despite a no-resale clause that prohibits reselling for the first year.

The car is being sold by J&S Autohaus in Ewing, New Jersey, and is priced at $260,490, well above the $159,420 that Tesla sold it for earlier this year.

To those who do not know, the Model S Signature was a highly exclusive, limited-run farewell variant of the Model S Plaid that was produced this year to mark the end of production of both the Model S and Model X, Tesla’s two flagship vehicles.

Limited to just 250 units with invite-only sales, it serves as a collector’s item celebrating the legacy of the Model S, which helped pioneer Tesla’s electric vehicle success since its 2012 launch.

It bundles top-tier performance with bespoke cosmetic and luxury upgrades, plus Tesla’s Luxe Package. Here’s what the Model S Signature has over the typical Model S Plaid:

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  • Exclusive Exterior – Unique Garnet Red Paint, matching door handles, gold Tesla “T” badges upfront, gold Plaid and Signature badging at the rear.
  • Premium Interior – White Alcantara upholstery with gold piping/accents, gold Plaid seat badges, Signature-marked door sills, individually numbered dashboard plaque, gold puddle lights, special interior lighting sequence, and a custom Signature key fob.
  • Performance Upgrades – Carbon-ceramic brakes with gold calipers
  • Bundled Luxe Package – Full Self-Driving (Supervised), four years of Premium Connectivity, free lifetime Supercharging
  • Performance Metrics – ~1,020 horsepower, sub-2-second 0-60 MPH, ~390-mile range

Tesla quickly introduced a No Resale Agreement for the Signature Editions of the Model S and Model X, which would penalize the seller for “the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”

The company continues:

“If you sell or otherwise transfer the ownership of your Model S or Model X, the remainder of the Recommended Maintenance, Wheel and Tire Protection Plan, and Windshield Protection Plan will transfer automatically to the buyer. The Full Self-Driving (Supervised), Free Supercharging and Premium Connectivity will not transfer with the vehicle and will terminate once the ownership of the Model S or Model X is transferred.”

Tesla will likely come after the seller, especially as it has been about two months since Tesla launched deliveries.

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Tesla Full Self-Driving v14.3.5 Early Impressions: new features and early performance

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Credit: TESLARATI

Tesla rolled out Full Self-Driving (Supervised) v14.3.5 yesterday, and about fifty miles of driving on the new version has given me enough time to highlight what seems to be strong about the release and what is not.

Additionally, Tesla has added a few new features with this specific update, which we’ll highlight as well.

Tesla Full Self-Driving v14.3.5 Performance

The new update is business as usual. Things seem to be running completely normal and necessary, but there are a few things that we’ve seemed to pick up on based on our own experience with v14.3.5, as well as what other users are seeing.

Initially, it seems to be more aware of its surroundings, making moves that are incredibly courteous to other drives and operating just a tad more reserved than what the suite might have done previously.

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We had two instances where it showed this, the first being FSD needing to pass a Flagger Force vehicle that was placing down signage for the day. Their work truck was right at the front corner of a right-hand turn; typically where most cars travel when they take that turn.

FSD v14.3.5 recognized this, slowed down, and took the turn wide with no issues:

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Additionally, v14.3.5 backed up for a semi truck that was making a wide turn onto a road my car was on. This is not new, but it seemed to be backing up for courtesy; it didn’t seem completely necessary, but it might have put some peace of mind in the truck driver’s head:

X user Mike P, also a Pennsylvania native like myself, shared three clips of his Tesla running v14.3.5 performing similar maneuvers. He said:

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“FSD turns right into a small alley that only fits one car at a time, sees oncoming car, reverses out of alley to make space, realizes oncoming car is actually parking, re-enters alley.”

Check it out here:

It seems like Speed Profiles are still in need of some tweaking; I am adjusting what Speed Profile I’m in frequently, constantly changing it to get it to travel at the correct speed. This was an issue for me on v14.3.4. It seems like they’re just a little inconsistent.

Terrible Parking

Parking attempts on v14.3.5 were not good. There are quite a few people who have said this:

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David Moss, the Tesla owner who has taken multiple coast-to-coast drives without any interventions, also has had some issues with parking early on with v14.3.5:

New Features

Tesla has added the ability to open Camera Preview at any time. Previously, it was only available in Park. Here’s what that feature looks like in action:

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Check back later this week for a longer review of what we’ve noticed on Full Self-Driving v14.3.5.

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