News
Tesla Model 3 ‘Highland’ brings EV charging closer to gas station stops than ever before
The Tesla Model 3 “Highland” is bringing electric vehicle drivers closer than ever to gas station stops in terms of duration, according to recent analysts from independent automotive research firm AMCI.
AMCI Testing has been preparing an analysis of electric vehicles with fast-charging capabilities and attempting to determine which models charge the quickest. The testing is being called “MP6,” named after the duration of a typical gas station stop, which is six minutes.
“Effectively, MP6 assumes consumers should not need to alter their long-standing fueling habits—nor the amount of time they are willing to dedicate to enroute fueling,” AMCI writes. “MP6 clearly shows how many miles of range each EV can add within this essential and expected 6-minute window.”
Tesla Supercharging times have reduced by one-third in just five years
In past tests, the Toyota bZ4X placed first in the analysis. However, this year’s testing showed a new vehicle on top: the Model 3 Highland.
During analysis, the Tesla Model 3 Highland doubled the performance of the bZ4X’s from past years.
AMCI said that one of the main drivers behind the Model 3’s strong performance was “the brief time between vehicle connection and maximum current delivery on its native Supercharger network—achieving a maximum rate as high as 174 kW within the first minute.”
Tesla scored a 60.5 MP6 score, while the bZ4X scored just 35.0 MP6, which was good enough for second place. The full results are as follows:
- Tesla Model 3 Highland – 60.5 MP6
- Toyota bZ4X – 35.0 MP6
- Ford Mustang Mach-E – 32.5 MP6
- Mercedes-Benz EQE – 31.5 MP6
- Hyundai IONIQ 5 – 28.0 MP6
- Kia EV6GT – 23.0 MP6
- Ford F-150 Lightning – 22.0 MP6
- Rivian R1S – 20.5 MP6
All testing was performed with the Tesla Supercharger and “Magic Dock,” which brings the Director of AMCI Testing, Guy Mangiamele, to an interesting point:
“It will be interesting to see what happens to Tesla’s performance when we turn the tables and test the Model 3 on a non-Tesla network.”
However, Mangiamele said there are also major advantages to having a charging network that aligns with the vehicles themselves, and it gives those companies a clear advantage. Unfortunately, Tesla is the only EV maker with an expansive charging network.
“Although we have seen significant differences in the MP6 results between previously tested competitors, the 2024 Model 3 shows just what a manufacturer can do when they control both the vehicle and the charger’s protocol,” Mangiamele said. “It’s also important to note that this performance was achieved on Tesla’s lowest-priced vehicle, and with a battery chemistry likely less favorable to fast charging than other Tesla models or non-Tesla competitors.”
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News
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
News
Production-ready Tesla Cybercab hits showroom floor in San Jose
Tesla has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements.
Tesla has showcased what appears to be a near-production-ready Cybercab at its Santana Row showroom in San Jose, California, giving visitors the closest look yet at the autonomous two-seater’s refined design.
Based on photos of the near-production-ready vehicle, the electric vehicle maker has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements, making the vehicle look more polished and seemingly more comfortable than its prototypes from last year.
Exterior and interior refinements
The updated Cybercab, whose photos were initially shared by Tesla advocate Nic Cruz Patane, now features a new frameless window design, an extended bottom splitter on the front bumper, and a slightly updated rear hatch. It also includes a production-spec front lightbar with integrated headlights, new wheel covers, and a license plate bracket.
Notably, the vehicle now has two windshield wipers instead of the prototype’s single unit, along with powered door struts, seemingly for smoother opening of its butterfly doors. Inside, the Cybercab now sports what appears to be a redesigned dash and door panels, updated carpet material, and slightly refined seat cushions with new center cupholders. Its legroom seems to have gotten slightly larger as well.
Cybercab sightings
Sightings of the updated Cybercab have been abundant in recent months. At the end of October, the Tesla AI team teased some of the autonomous two-seater’s updates after it showed a photo of the vehicle being driven through an In-N-Out drive-through by employees in Halloween costumes. The photos of the Cybercab were fun, but they were significant, with longtime Tesla watchers noting that the company has a tradition of driving its prototypes through the fast food chain’s drive-throughs.
Even at the time, Tesla enthusiasts noticed that the Cybercab had received some design changes, such as segmented DRLs and headlamps, actual turn signals, and a splitter that’s a lot sharper. Larger door openings, which now seem to have been teasing the vehicle’s updated cabin, were also observed at the time.
Investor's Corner
Tesla analyst realizes one big thing about the stock: deliveries are losing importance
Tesla analyst Dan Levy of Barclays realized one big thing about the stock moving into 2026: vehicle deliveries are losing importance.
As a new era of Tesla seems to be on the horizon, the concern about vehicle deliveries and annual growth seems to be fading, at least according to many investors.
Even CEO Elon Musk has implied at times that the automotive side, as a whole, will only make up a small percentage of Tesla’s total valuation, as Optimus and AI begin to shine with importance.
He said in April:
“The future of the company is fundamentally based on large-scale autonomous cars and large-scale and large volume, vast numbers of autonomous humanoid robots.”
Almost all of Tesla’s value long-term will be from AI & robots, both vehicle & humanoid
— Elon Musk (@elonmusk) September 11, 2023
Levy wrote in a note to investors that Tesla’s Q4 delivery figures “likely won’t matter for the stock.” Barclays said in the note that it expects deliveries to be “soft” for the quarter.
In years past, Tesla analysts, investors, and fans were focused on automotive growth.
Cars were truly the biggest thing the stock had to offer: Tesla was a growing automotive company with a lot of prowess in AI and software, but deliveries held the most impact, along with vehicle pricing. These types of things had huge impacts on the stock years ago.
In fact, several large swings occurred because of Tesla either beating or missing delivery estimates:
- January 3, 2022: +13.53%, record deliveries at the time
- January 3, 2023: -12.24%, missed deliveries
- July 2, 2024: +10.20%, beat delivery expectations
- October 3, 2022: -8.61%, sharp miss due to Shanghai factory shutdown
- July 2, 2020: +7.95%, topped low COVID-era expectations with sizeable beat on deliveries
It has become more apparent over the past few quarters that delivery estimates have significantly less focus from investors, who are instead looking for progress in AI, Optimus, Cybercab, and other projects.
These things are the future of the company, and although Tesla will always sell cars, the stock is more impacted by the software the vehicle is running, and not necessarily the vehicle itself.
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
Production-ready Tesla Cybercab hits showroom floor in San Jose
