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Tesla Model 3 gets CR recommendation after OTA brake update
The Tesla Model 3 has managed to earn a “Recommended” rating from Consumer Reports after a recent firmware update improved the vehicle’s braking distance by nearly 20 feet.
In a recently published update on its official website, Consumer Reports confirmed that its new test results for the Model 3 revealed that Tesla had reduced the braking distance of the compact electric car by nearly 20 feet through a recent OTA update. During the magazine’s retest of the vehicle, the Model 3 managed to hit a full stop from 60 mph in 133 feet, a 19-foot, or roughly 13%, improvement over its previous braking distance of 152 feet.
According to CR, the Model 3’s updated 133-foot braking distance now stands among typical compact luxury cars. The numbers also match Tesla’s own figures. Ultimately, the Model 3 firmware update pushed out this past weekend was enough to raise the compact electric car’s Overall Score enough to warrant a “Recommended” rating.
Consumer Reports Auto Test Director Jake Fisher noted that this is the first time he has seen a carmaker improve a vehicle’s braking system through an OTA software update.
“I’ve been at CR for 19 years and tested more than 1,000 cars, and I’ve never seen a car that could improve its track performance with an over-the-air update,” he said.
Consumer Reports noted in its updated score for the Model 3 that several points of concern still were still evident in the vehicle. Among these are wind noise, a stiff ride, and an uncomfortable rear seat. As we noted in a previous report, some of these were addressed by Elon Musk during a phone conversation with CR’s Jake Fisher.
According to Musk, some of these concerns had been addressed in the Model 3 production line over the past few months. With this in mind, Consumer Reports stated in its updated results that it would be renting another vehicle to validate Musk’s statements about the more recent improvements to the Model 3. Nevertheless, Musk has posted a few tips to improve the Model 3’s wind noise and ride quality.
Braking & UI upgrades apply to all Model 3s. Improved windshield for aero noise & suspension for ride comfort are major ops. Unless you’re really bothered by them, don’t replace. Best way to improve ride is drop tire pressure to ~39 psi. 45 psi is best range, but lower comfort.
— Elon Musk (@elonmusk) May 30, 2018
Also mentioned in CR’s updated Model 3 ratings were the difficulties associated with the car’s 15-inch center-mounted touchscreen, which handles almost all of the vehicle’s controls. Improvements to the touch panel and further automated features for the vehicle were discussed by Musk during his conversation with the CR Auto Test Director. According to the magazine, the recent OTA update already rolled out some changes to the electric car’s controls.
“Now, when drivers adjust their seat position using the power controls along the edge of the driver’s seat, prompts to adjust the car’s mirrors and steering-wheel position appear on the center touch screen. At first glance, these changes seem to be an improvement, but we need to spend more time evaluating them,” CR noted in its updated Model 3 ratings.
Consumer Reports has a mixed relationship with Tesla’s offerings so far, with the magazine dubbing the Model S as the best car it has ever tested. The Model X, however, did not get much approval from CR, with the magazine describing the vehicle as “fast and flawed.”
Elon Musk
Music City Loop could highlight The Boring Company’s real disruption
The real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
Recent commentary on social media has highlighted what could very well prove to be The Boring Company’s real disruption.
The analysis was shared by tech watcher Aakash Gupta on social media platform X, where he argued that the real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
According to Gupta’s breakdown, Nashville’s 2018 light rail proposal was priced at roughly $200 million per mile. New York’s East Side Access project reportedly cost about $3.5 billion per mile, while Los Angeles Metro expansion projects have approached $1 billion per mile.
By comparison, The Boring Company has stated it can construct 13 miles of twin tunnels in the Music City Loop for between $240 million and $300 million total. That implies a cost near $25 million per mile, or roughly a 95% reduction from industry averages cited in the post.
Several technical departures from conventional tunneling allow the Boring Company to lower its costs, from its smaller 12-foot diameter tunnels to its fully electric Prufrock machines that are designed to mine continuously with no personnel inside the tunnel and their capability to “porpoise” for easy launch and retrieval.
Tesla and Space CEO Elon Musk responded to the post on X, stating simply that “Tunnels are so underrated.”
The Boring Company has seen some momentum as of late, with the company recently signing a construction contract in Dubai and the Universal Orlando Loop progressing. Recent reports have also pointed to tunnels potentially being constructed to solve traffic congestion issues near the Giga Nevada area.
While The Boring Company’s tunnels have so far been used for Loop systems publicly for now, Elon Musk recently noted that the tunneling startup’s underground passages would not be limited only to ride-hailing vehicles.
In a reply to a post on X which discussed the specifications of the Music City Loop, Musk clarified that “any fully autonomous electric cars can use the tunnels.” This suggests that vehicles potentially running systems like FSD Supervised, even if they are not Teslas, could be used in systems like the Music City Loop in the future.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
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Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Music City Loop could highlight The Boring Company’s real disruption
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
