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Tesla Model 3 with white seats and dual motor AWD could come in July, says Elon Musk
In a series of tweets this weekend, Elon Musk stated that the production for the dual motor AWD version of the Tesla Model 3 could start production as early as July. White seats for the mass market compact electric sedan could be introduced in the same month as well.
Musk’s update on Twitter came as a response to Brandon Ledford, a Model 3 reservation holder, who asked for a timeline on when the dual motor configuration would arrive. Not long after Ledford’s inquiry, Musk responded, explaining that options such as dual motors would be offered when the production ramp-up of the existing Long Range Model 3 in rear-wheel drive hits 5,000/week.
“We need to achieve 5k/week with Model 3 before adding complexity that would inhibit production ramp,” Musk tweeted.
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- Tesla Model 3 with white seats spotted at the Mountain View Supercharger via Imgur
Musk added an afterthought to his explanation, stating that the dual motor configuration would probably be available in July. As soon as Musk gave a timeline for the AWD option for the Model 3, another Tesla enthusiast inquired about the availability of white seats for the car. The Tesla CEO responded to this inquiry as well, stating that the white seat option for the Model 3 would be introduced in “similar timing” as the dual motor.
Considering Musk’s recent updates on Twitter, July might prove to be a pivotal month for Model 3 reservation holders. With production expected to reach a steady 5,000/week rate by then, Tesla would finally be able to roll out new configurations for the vehicle. Other options, such as the $35,000 standard-range variant, as well as the much-anticipated Performance version with Ludicrous Mode, would likely follow after.
So probably July
— Elon Musk (@elonmusk) April 8, 2018
Sightings in the wild appear to be building up towards the release of the Model 3’s dual-motor AWD and white interior configurations. Back in February, we reported on a Model 3 with a dual-motor VIN being spotted in San Francisco, CA. The sighting of the vehicle was shared on Twitter by Ryan McCaffrey of the Ride the Lightning podcast.
A Model 3 with white interior was also spotted in February near Tesla’s OSH showroom in Palo Alto, CA. From what could be seen in pictures taken of the vehicle, the color scheme of the electric car’s interior appears to have been changed from the car’s prototype, with some elements such as the center console being black instead of white. The headliner for the Model 3 near the OSH showroom was also white, in contrast to the prototype of the vehicle, which had a distinct black headliner.
Showing his trademark charm on Twitter, Elon Musk also pledged to take corrective action for Model 3 line-waiters who are still waiting for their configuration invites.
Musk’s pledge came after Justin Streufert, a Model 3 reservation holder, noted that some who reserved the car online were getting priority over those who stood in line for the vehicle. Another Model 3 reservation holder added that some who placed online reservations in April-June were already getting invites to configure. Some Day 1 line-waiters, however, were still waiting for invitations.
Musk first responded that he would be “looking into it now,” before following up with another tweet. Musk pledged to take measures to address the problem and issued an apology to his Twitter followers.
Definitely. Will take corrective action immediately. Sorry about this.
— Elon Musk (@elonmusk) April 8, 2018
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
