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Tesla reveals Model 3 dual-motor AWD, Performance price and specs

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Tesla has released the pricing and specifications for the Model 3 in a dual-motor AWD and Performance configuration. Upgrading to a dual motor drivetrain costs an additional $5,000. The Performance variant, capable of accelerating from 0-60 mph in 3.5 seconds, and complete with all options except Autopilot, will be priced at $78,000.

Buyers choosing the Performance package for Model 3 will have the option to add a Black and White interior that includes the highly-anticipated white seat trim. According to Musk, the Black and White interior is being limited to Model 3 Performance for the time being, due to limited parts availability, but will broaden over time. It will be closer to the end of the year before non-performance Model 3 will be offered with the white seat option.

Also, the dual motor Tesla Model 3 Performance will be equipped with a carbon fiber spoiler and 20″ Performance wheels, a third wheel option that adds to the standard 18″ Aero Wheels and the 19″ Sport wheels.

Tesla Model 3 belonging to Chief Designer Franz von Holzhausen

Considering the capabilities and features of the Model 3 dual motor performance version, the line between Tesla’s mass market compact sedan and its flagship Model S continues to blur. With a $3,500 price difference between the Model S 75D that starts at a base price of $74,500, and the dual motor Model 3 Performance version that’s priced at $78,000, Tesla’s two electric sedan offerings are very comparable. In range alone, the dual motor Model 3 boasts 310 miles of driving range per single charge – same goes for the Model 3 performance version – while the Model S 75D has a rated range of 259 miles per charge.

The Model S 75D is rated with a top speed of 140 mph and 0-60 mph in 4.2 seconds, while the dual motor Model 3 tops out at the same 140 mph, but with a slightly slower 0-60 mph time of 4.5 seconds, or .6 seconds quicker than the Long Range Model 3 in single motor configuration at 5.1 seconds.

RELATED: Tesla Model 3 clocks 0-60 mph in 4.6 sec, beating Tesla’s performance claims

A key advantage that the Model S 75D has over the two new Model 3 variants, aside from being an all-around larger car with greater passenger and cargo capacity, lies in its features such as the power liftgate and Air Suspension. The electronically adjustable Smart Air Suspension feature for Model 3 is expected to be available in 2019, as noted by Elon Musk. The lack of free Supercharging is also a considerable disadvantage for the Model 3 over its more premium sibling.

As noted by Musk in a tweet, the dual-motor AWD and Performance Model 3 would likely start production in July and begin when the Model 3 line achieves a steady rate of 5,000 vehicles per week. Otherwise, Musk stated that the additional options would end up adding complexity to the electric car’s production line.

Model 3 Dual Motor AWD Specifications

  • 310 mile Range
  • 4.5 sec 0-60 mph
  • 140 mph Top Speed
  • $54,000 (price without Autopilot)
  • First deliveries in July 2018

Model 3 Performance Specifications

  • 310 mile Range
  • 3.5 sec 0-60 mph
  • 155 mph Top Speed
  • $78,000 (price without Autopilot)

 

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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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Cybertruck

Tesla analyst claims another vehicle, not Model S and X, should be discontinued

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Credit: Tesla

Tesla analyst Gary Black of The Future Fund claims that the company is making a big mistake getting rid of the Model S and Model X. Instead, he believes another vehicle within the company’s lineup should be discontinued: the Cybertruck.

Black divested The Future Fund from all Tesla holdings last year, but he still covers the stock as an analyst as it falls in the technology and autonomy sectors, which he covers.

In a new comment on Thursday, Black said the Cybertruck should be the vehicle Tesla gets rid of due to the negatives it has drawn to the company.

The Cybertruck is also selling in an underwhelming fashion considering the production capacity Tesla has set aside for it. It’s worth noting it is still the best-selling electric pickup on the market, and it has outlasted other EV truck projects as other manufacturers are receding their efforts.

Black said:

IMHO it’s a mistake to keep Tesla Cybertruck which has negative brand equity and sold 10,000 units last year, and discontinue S/X which have strong repeat brand loyalty and together sold 30K units and are highly profitable. Why not discontinue CT and covert S/X to be fully autonomous?”

On Wednesday, CEO Elon Musk confirmed that Tesla planned to transition Model S and Model X production lines at the Fremont Factory to handle manufacturing efforts of the Optimus Gen 3 robot.

Musk said that it was time to wind down the S and X programs “with an honorable discharge,” also noting that the two cars are not major contributors to Tesla’s mission any longer, as its automotive division is more focused on autonomy, which will be handled by Model 3, Model Y, and Cybercab.

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Tesla begins Cybertruck deliveries in a new region for the first time

The news has drawn conflicting perspectives, with many Tesla fans upset about the decision, especially as it ends the production of the largest car in the company’s lineup. Tesla’s focus is on smaller ride-sharing vehicles, especially as the vast majority of rides consist of two or fewer passengers.

The S and X do not fit in these plans.

Nevertheless, the Cybertruck fits in Tesla’s future plans. Musk said the pickup will be needed for the transportation of local goods. Musk also said Cybertruck would be transitioned to an autonomous line.

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Elon Musk

SpaceX reportedly discussing merger with xAI ahead of blockbuster IPO

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Credit: SpaceX/X

In a groundbreaking new report from Reuters, SpaceX is reportedly discussing merger possibilities with xAI ahead of the space exploration company’s plans to IPO later this year, in what would be a blockbuster move.

The outlet said it would combine rockets and Starlink satellites, as well as the X social media platform and AI project Grok under one roof. The report cites “a person briefed on the matter and two recent company filings seen by Reuters.”

Musk, nor SpaceX or xAI, have commented on the report, so, as of now, it is unconfirmed.

With that being said, the proposed merger would bring shares of xAI in exchange for shares of SpaceX. Both companies were registered in Nevada to expedite the transaction, according to the report.

Tesla announces massive investment into xAI

On January 21, both entities were registered in Nevada. The report continues:

“One of them, a limited liability company, lists SpaceX ​and Bret Johnsen, the company’s chief financial officer, as managing members, while the other lists Johnsen as the company’s only officer, the filings show.”

The source also stated that some xAI executives could be given the option to receive cash in lieu of SpaceX stock. No agreement has been reached, nothing has been signed, and the timing and structure, as well as other important details, have not been finalized.

SpaceX is valued at $800 billion and is the most valuable privately held company, while xAI is valued at $230 billion as of November. SpaceX could be going public later this year, as Musk has said as recently as December that the company would offer its stock publicly.

SpaceX IPO is coming, CEO Elon Musk confirms

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The plans could help move along plans for large-scale data centers in space, something Musk has discussed on several occasions over the past few months.

At the World Economic Forum last week, Musk said:

“It’s a no-brainer for building solar-powered AI data centers in space, because as I mentioned, it’s also very cold in space. The net effect is that the lowest cost place to put AI will be space and that will be true within two to three years, three at the latest.”

He also said on X that “the most important thing in the next 3-4 years is data centers in space.”

If the report is true and the two companies end up coming together, it would not be the first time Musk’s companies have ended up coming together. He used Tesla stock to purchase SolarCity back in 2016. Last year, X became part of xAI in a share swap.

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Tesla hits major milestone with Full Self-Driving subscriptions

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Credit: Ashok Elluswamy/X

Tesla has announced it has hit a major milestone with Full Self-Driving subscriptions, shortly after it said it would exclusively offer the suite without the option to purchase it outright.

Tesla announced on Wednesday during its Q4 Earnings Call for 2025 that it had officially eclipsed the one million subscription mark for its Full Self-Driving suite. This represented a 38 percent increase year-over-year.

This is up from the roughly 800,000 active subscriptions it reported last year. The company has seen significant increases in FSD adoption over the past few years, as in 2021, it reported just 400,000. In 2022, it was up to 500,000 and, one year later, it had eclipsed 600,000.

In mid-January, CEO Elon Musk announced that the company would transition away from giving the option to purchase the Full Self-Driving suite outright, opting for the subscription program exclusively.

Musk said on X:

“Tesla will stop selling FSD after Feb 14. FSD will only be available as a monthly subscription thereafter.”

The move intends to streamline the Full Self-Driving purchase option, and gives Tesla more control over its revenue, and closes off the ability to buy it outright for a bargain when Musk has said its value could be close to $100,000 when it reaches full autonomy.

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It also caters to Musk’s newest compensation package. One tranche requires Tesla to achieve 10 million active FSD subscriptions, and now that it has reached one million, it is already seeing some growth.

The strategy that Tesla will use to achieve this lofty goal is still under wraps. The most ideal solution would be to offer a less expensive version of the suite, which is not likely considering the company is increasing its capabilities, and it is becoming more robust.

Tesla is shifting FSD to a subscription-only model, confirms Elon Musk

Currently, Tesla’s FSD subscription price is $99 per month, but Musk said this price will increase, which seems counterintuitive to its goal of increasing the take rate. With that being said, it will be interesting to see what Tesla does to navigate growth while offering a robust FSD suite.

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