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Tesla Model 3 makes way for Jaguar as I-PACE secures World Car of the Year Award
The Jaguar I-PACE swept a new round of awards recently at the 2019 New York Auto Show. After a long deliberation, over 80 judges from 24 different countries dubbed the all-electric premium crossover SUV as the 2019 World Car of the Year, beating the Audi e-tron and the Volvo S60/V60 in the process. The I-PACE was also the winner of the World Car Design of the Year and World Green Car of the Year awards, adding to the vehicle’s ever-growing list of accolades.
The judges of the World Car of the Year award were notably impressed by the Jaguar I-PACE’s looks and its capability to mix a range of 292 miles WLTP (234 miles EPA) and a brisk 0-62 mph time of 4.5-seconds. Prof. Dr. Ralf Speth, Chief Executive Officer of Jaguar Land Rover, received the award for the I-PACE, noting that the all-electric crossover is but the first step in the automaker’s journey towards a zero-emissions future.
“It is an honor that the Jaguar I-PACE has received such an accolade from the prestigious World Car jurors. We started with an ideal, to move towards our Destination Zero vision; zero emissions, zero accidents, and zero congestion. I-PACE is our first step to achieving this, and it was conceived when EVs were little more than a niche choice,” he said.
Notably absent in the World Car of the Year nominees for 2019 was an electric sedan that is disrupting the US and international market today: the Tesla Model 3. The World Car of the Year title requires nominated vehicles to be sold in at least five countries to be considered, and this is a requirement that the Model 3 did not meet.
It is then quite interesting to see the Audi e-tron qualifying for the award despite the vehicle’s status when nominees were being listed. The e-tron was listed as a nominee by AutoExpress.uk on September 14, 2018, a few days before the SUV was unveiled on September 18, 2018. Ars Technica, whose auto journalist Jonathan Gitlin was among this year’s judges, explained the Model 3’s absence in the 2019 World Car of the Year nominees, stating that the vehicle “went on sale too long ago to be considered for this year’s awards.”
The absence of the Model 3 in the nominees for the 2019 World Car of the Year does not mean that the awards program is biased against Tesla. Back in 2013, the Tesla Model S walked away with the World Green Car title, and in 2017, the Tesla Model X was a finalist in the same category, before losing to the Toyota Prius Prime.
With Tesla now focusing its Model 3 deliveries to the international markets, it will not be surprising if the electric sedan will make it as a nominee for 2020’s World Car of the Year awards. Perhaps, just like the Jaguar I-PACE, the Model 3 could even go further than its more expensive siblings, earning not only the World Green Car title, but the World Car of the Year trophy as well. With the Tesla Model 3’s shadow hovering over the international market’s electric car industry, next year’s awards will likely be very compelling.
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.
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.
Investor's Corner
Tesla (TSLA) Q1 2026 earnings results: beat on EPS and revenues
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
