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 has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
-
Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
-
The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Tesla CEO Elon Musk has responded to reports that Volvo is officially discontinuing the LiDAR sensor on two of its cars.
Volvo announced that it would officially scrap LiDAR systems on its EX90 and ES90 vehicles in various markets. In Norway, owners will get a €1,800 compensation for features that will never arrive due to this decision. There will be no option to remove the unit from vehicles, either.
The issue stems from Volvo’s supplier, Luminar, and its bankruptcy filing. Luminar will no longer be able to supply LiDAR units to Volvo for the EX90 and ES90, effectively axing any use the unit has on vehicles. Volvo will phase out the data collection processes via the LiDAR system, and it will not be utilized whatsoever.
Musk saw the story on X and responded, stating:
“I did try to warn them. Humans drive using neural nets and optical sensors. Same is true for robot cars.”
I did try to warn them.
Humans drive using neural nets and optical sensors. Same is true for robot cars.
— Elon Musk (@elonmusk) July 29, 2026
-
Musk has been publicly vocal about his disdain for LiDAR systems, once calling them “a fool’s errand,” as he has consistently kept the outlook that they are not needed for effective self-driving.
The typical example used as evidence for this by Musk is humans themselves: made with only eyes and memories, humans are capable of navigating a car by using what they can see and what they’ve personally experienced on the road.
Elon Musk argues lidar and radar make self driving cars more dangerous
“Same is true for robot cars,” Musk says, as Teslas have eight exterior cameras that help see everything surrounding the vehicle, and a neural network that analyzes behavior and tendencies with every mile driven.
Tesla is a vision-only self-driving company that ditched sensors and radar several years ago in favor of cameras. Behind this effort, the company has established a reputation for having one of the most robust self-driving platforms in the world.
Musk’s big bet with Tesla on its self-driving program’s strategy has widely paid off. Other companies continue to utilize things like LiDAR, radar, and sensors for effective self-driving, but Tesla has shown that there is more than one way to give consumers a strong and accurate driver assistance suite.
-
The real question is: who will be the first company to take Musk’s advice and attempt a self-driving platform based on cameras only, or even license FSD for themselves?
Elon Musk updates the SpaceX timeline for Mars
SpaceX gets an absolutely crazy price target after rough IPO
