The Tesla Model 3 has been recognized by Edmunds as the Best Electric Vehicle of the Year in its 2020 #TopRated list.
Edmunds recognized the Model 3 as “unlike any other vehicle on sale, electric or ICE.” According to the publication, the all-electric sedan’s features, technology, price and driving dynamics make it an “impossible force to ignore” in the auto industry. Edmunds also stated the Model 3 was more fun to drive than other premium sedans at the same price point like the BMW 3-Series.
“For around $40,000, no other EV even comes close to matching the all-round appeal of the Model 3,” the publication wrote.
The Edmunds 2020 #TopRated best EV of the year is the @Tesla Model 3.
The Model 3 is unlike any other vehicle on sale, electric or ICE. Its features, technology, price and driving dynamics make it an impossible force to ignore. https://t.co/RPfxDAIwD0 pic.twitter.com/hv0eZ74hNM
— Edmunds (@edmunds) December 11, 2019
In 2017, Edmunds stated that the Model 3 had too many issues that made it tough to recommend to buyers. In Dan Edmunds’ initial Model 3 review, he noted the service and build quality of the vehicle were not up to par compared to the competition. “Body panel gaps are inconsistent, reflecting a lack of attention to detail, and this applies not only to our own car but even to Model 3s we’ve seen on display,” he said.
Tesla has since improved on these aspects. These improvements in production were highlighted in a recent Bloomberg poll, where 5,000 Model 3 owners were asked to give feedback on their opinions of the car. Many of those polled were impressed with Tesla’s improved build quality. Even auto industry veteran Bob Lutz, a known Tesla critic, has admitted that the Model 3’s build quality is now “world-class.”
For around $40,000, no other EV even comes close to matching the all-round appeal of the Model 3.@Tesla Model 3, Edmunds Top Rated EV of the year. pic.twitter.com/tjOe3p7rFQ
— Edmunds (@edmunds) December 11, 2019
Edmunds‘ initial review of the Model 3 also listed complaints about Tesla’s service, another aspect of the company that continues to improve. The expansion of Tesla’s mobile service units that drive to customers’ location to address maintenance and basic repairs has been well-received. In a separate edition of the Bloomberg poll of Model 3 owners, many reported improvements in the availability of appointments and increased speed of service as well.
The Model 3’s range has always been appealing to the publication, even in its initial 2017 review. While the battery performance and availability of Tesla’s Supercharger network have improved since 2017, Edmunds’ positive ratings of the vehicle’s range have only gone up. In the Model 3’s review page on Edmunds.com, the publication suggested that buyers should “strongly consider” versions with the Long Range Battery since they will “undoubtedly help as you hop from Supercharger to Supercharger on long road trips.”
Edmunds is just the next publication to rank the Model 3 as “Vehicle of the Year” in one capacity or another. Previously, the all-electric sedan was named Car of the Year by Auto Express Magazine, 2020 Car of the Year by the UK-based Parkers magazine, and was also recognized as Best Mid-sized Sedan at the 2019 Golden Steering Wheel Awards in Berlin, Germany. Edmunds‘ “2020 EV of the Year” award is yet another feather in Tesla’s cap, and it stands as additional proof that the company’s aim of fostering sustainable driving machines that offer performance and affordability is becoming more and more real.
Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Credit: TESLA
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
- Revenues – $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow – $1.444 billion
- Profit – $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
