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Tesla poised to bring Model 3 to Hong Kong as GM’s EV push falters in China

[Credit: Model 3 Owner's Club/Twitter]

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Tesla seems to have reached a point in the Model 3 production that it is now confident enough to start promoting the vehicle to other regions. Just a couple of weeks after bringing the car to Australia and New Zealand, Tesla seems poised to showcase the electric sedan in Hong Kong.

Invitations for the Hong Kong event were recently shared online. The Model 3 was not explicitly mentioned by the company in its communication, though the vehicle’s unmistakable outline could be recognized in the invite. The company’s email to the Tesla community in HK reveals that the “Tesla Hong Kong Special Event” will run until August 31, and would include four sessions, at 12 p.m., 3 p.m., 5 p.m., and 7 p.m. The special event would be held at Tesla The Pulse or TML.

The communication from Tesla indicates that attendees would have to RSVP. A product introduction would be conducted, followed by test drive sessions in the Model S and Model X. Following is a screenshot of the email the company sent out to the Tesla community in Hong Kong.

Tesla’s invitation for a special event in Hong Kong. [Credit: Model 3 Owners Club/Twitter]

It is now more than a year into the production of the Model 3, and Elon Musk’s self-imposed “production hell” appears to be nearing its end. Tesla is expected to produce and deliver record numbers of Model 3 this third quarter. Nomura Instinet analyst Romit Shah recently noted that the electric car maker could produce as much as 65,000-70,000 Model 3 this quarter, especially since Tesla appears to have breached the 6,000/week mark this August.

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While Tesla appears to be preparing to showcase the Model 3 to Hong Kong, rival General Motors is running into problems with its EV push in China. GM is aiming to compete in the hyper-competitive EV sector in the country, and it has selected its plug-in hybrid Buick Velite 6 — a local variant of the Volt — as one of its key vehicles. An all-electric car is also planned for next year.

Unfortunately for GM, its EV initiative has hit a roadblock after it found that the battery packs supplied by A123 Systems, one of its suppliers, are not up to par in terms of performance and safety standards. A123 Systems is a Livonia, Michigan company that was bought out of bankruptcy by Chinese auto parts giant Wanxiang Group Corp. in 2013. The company operates a battery factory in the city of Hangzhou to supply packs for the Chinese market.

In a statement to the Wall Street Journal, Thomas Barrera, president of LIB-X Consulting, a battery consultancy based in Long Beach, CA, noted that there are risks to some of the inexpensive battery solutions being produced in the Asian country.

“There are concerns with the quality of Chinese-manufactured cells and batteries. Chinese cells are very attractive because they’re inexpensive, but people may not realize that these cells may not have gone through the necessary qualification testing before going to market,” he said.

Tesla is also looking to breach the Chinese electric car market, though it aims to accomplish this using its trademark in-house development strategy. The company is currently looking to start the construction of Gigafactory 3 in Shanghai, which would produce its own batteries and be equipped to handle the production of electric cars. When complete, Tesla estimates Gigafactory 3 to build as many as 500,000 electric vehicles per year.

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla Model Y gets hefty discounts and more in final sales push

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Credit: Tesla

Tesla Model Y configurations are getting hefty discounts and more benefits as the company is in the phase of its final sales push for the year.

Tesla is offering up to $1,500 off new Model Y Standard trims that are available in inventory in the United States. Additionally, Tesla is giving up to $2,000 off the Premium trims of the Model Y. There is also one free upgrade included, such as a paint color or interior color, at no additional charge.

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Tesla is hoping to bolster a relatively strong performance through the first three quarters of the year, with over 1.2 million cars delivered through the first three quarters.

This is about four percent under what the company reported through the same time period last year, as it was about 75,000 vehicles ahead in 2024.

However, Q3 was the company’s best quarterly performance of all time, and it surged because of the loss of the $7,500 EV tax credit, which was eliminated in September. The imminent removal of the credit led to many buyers flocking to Tesla showrooms to take advantage of the discount, which led to a strong quarter for the company.

2024 was the first year in the 2020s when Tesla did not experience a year-over-year delivery growth, as it saw a 1 percent slide from 2023. The previous years saw huge growth, with the biggest coming from 2020 to 2021, when Tesla had an 87 percent delivery growth.

This year, it is expected to be a second consecutive slide, with a drop of potentially 8 percent, if it manages to deliver 1.65 million cars, which is where Grok projects the automaker to end up.

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Tesla will likely return to its annual growth rate in the coming years, but the focus is becoming less about delivery figures and more about autonomy, a major contributor to the company’s valuation. As AI continues to become more refined, Tesla will apply these principles to its Full Self-Driving efforts, as well as the Optimus humanoid robot project.

Will Tesla thrive without the EV tax credit? Five reasons why they might

These discounts should help incentivize some buyers to pull the trigger on a vehicle before the year ends. It will also be interesting to see if the adjusted EV tax credit rules, which allowed deliveries to occur after the September 30 cutoff date, along with these discounts, will have a positive impact.

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Tesla FSD’s newest model is coming, and it sounds like ‘the last big piece of the puzzle’

“There’s a model that’s an order of magnitude larger that will be deployed in January or February 2026.”

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Credit: Tesla

Tesla Full Self-Driving’s newest model is coming very soon, and from what it sounds like, it could be “the last big piece of the puzzle,” as CEO Elon Musk said in late November.

During the xAI Hackathon on Tuesday, Musk was available for a Q&A session, where he revealed some details about Robotaxi and Tesla’s plans for removing Robotaxi Safety Monitors, and some information on a future FSD model.

While he said Full Self-Driving’s unsupervised capability is “pretty much solved,” and confirmed it will remove Safety Monitors in the next three weeks, questions about the company’s ability to give this FSD version to current owners came to mind.

Musk said a new FSD model is coming in about a month or two that will be an order-of-magnitude larger and will include more reasoning and reinforcement learning.

He said:

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“There’s a model that’s an order of magnitude larger that will be deployed in January or February 2026. We’re gonna add a lot of reasoning and RL (reinforcement learning). To get to serious scale, Tesla will probably need to build a giant chip fab. To have a few hundred gigawatts of AI chips per year, I don’t see that capability coming online fast enough, so we will probably have to build a fab.”

It rings back to late November when Musk said that v14.3 “is where the last big piece of the puzzle finally lands.”

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With the advancements made through Full Self-Driving v14 and v14.2, there seems to be a greater confidence in solving self-driving completely. Musk has also personally said that driver monitoring has been more relaxed, and looking at your phone won’t prompt as many alerts in the latest v14.2.1.

This is another indication that Tesla is getting closer to allowing people to take their eyes off the road completely.

Along with the Robotaxi program’s success, there is evidence that Tesla could be close to solving FSD. However, it is not perfect. We’ve had our own complaints with FSD, and although we feel it is the best ADAS on the market, it is not, in its current form, able to perform everything needed on roads.

But it is close.

That’s why there is some legitimate belief that Tesla could be releasing a version capable of no supervision in the coming months.

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All we can say is, we’ll see.

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Investor's Corner

SpaceX IPO is coming, CEO Elon Musk confirms

However, it appears Musk is ready for SpaceX to go public, as Ars Technica Senior Space Editor Eric Berger wrote an op-ed that indicated he thought SpaceX would go public soon. Musk replied, basically confirming it.

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elon musk side profile
Joel Kowsky, Public domain, via Wikimedia Commons

Elon Musk confirmed through a post on X that a SpaceX initial public offering (IPO) is on the way after hinting at it several times earlier this year.

It also comes one day after Bloomberg reported that SpaceX was aiming for a valuation of $1.5 trillion, adding that it wanted to raise $30 billion.

Musk has been transparent for most of the year that he wanted to try to figure out a way to get Tesla shareholders to invest in SpaceX, giving them access to the stock.

He has also recognized the issues of having a public stock, like litigation exposure, quarterly reporting pressures, and other inconveniences.

However, it appears Musk is ready for SpaceX to go public, as Ars Technica Senior Space Editor Eric Berger wrote an op-ed that indicated he thought SpaceX would go public soon.

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Musk replied, basically confirming it:

Berger believes the IPO would help support the need for $30 billion or more in capital needed to fund AI integration projects, such as space-based data centers and lunar satellite factories. Musk confirmed recently that SpaceX “will be doing” data centers in orbit.

AI appears to be a “key part” of SpaceX getting to Musk, Berger also wrote. When writing about whether or not Optimus is a viable project and product for the company, he says that none of that matters. Musk thinks it is, and that’s all that matters.

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It seems like Musk has certainly mulled something this big for a very long time, and the idea of taking SpaceX public is not just likely; it is necessary for the company to get to Mars.

The details of when SpaceX will finally hit that public status are not known. Many of the reports that came out over the past few days indicate it would happen in 2026, so sooner rather than later.

But there are a lot of things on Musk’s plate early next year, especially with Cybercab production, the potential launch of Unsupervised Full Self-Driving, and the Roadster unveiling, all planned for Q1.

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