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Tesla Model 3 deliveries pushed back in U.S. due to high demand

Credit: Tesla

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Are you looking to order a Tesla Model 3 soon? You might be waiting a while for it to show up at your local Showroom to accept delivery if you are in the United States. According to Tesla’s online Design Studio, demand for the all-electric sedan’s Long Range All-Wheel-Drive variant continues to skyrocket, and new order delivery dates are being prolonged to dates as late as November. Currently, expected delivery is slated at between 10-16 weeks for the Model 3 configuration. Demand for the vehicle is still rising, just in time for the company to open a new production plant in Texas that will assist consumers’ ever-growing want for the car.

Tesla’s all-electric vehicles, especially its mass-market Model 3 and Model Y, have been among the most popular EVs globally. In mid-June, we reported that the Long Range Model Y was nearly sold out for Q3 as estimated delivery dates had extended to the final month of the quarter. The demand for the Model 3 has evidently surpassed that of its automotive sibling, with delivery dates for the Model 3 extending into mid-November.

Tesla’s Design Studio for the Model 3 Long Range has extended the estimated delivery time frame to 10-16 weeks, meaning the earliest scheduled delivery for new orders would be the final week of September. The latest would be the second week of November.

Credit: Tesla

The Model 3 has been Tesla’s best-seller globally for some time, only eclipsed by the Model Y in some regions like Tesla’s home state of California. However, the Model 3’s affordable price points combined with industry-leading software and range ratings make it an ideal choice for consumers, especially if it’s their first time buying an electric car. Outside of the United States, the Model 3 has remained a dominator of many EV-heavy markets, including Norway, Ireland, and Japan. The Model 3 has cemented itself as a Top 3 vehicle in China, sparring for the top spot with the Wuling HongGuang Mini EV for nearly a year straight.

Tesla’s profitability in Ireland doubles with Model 3 taking center stage

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Tesla has continued to grow its production and delivery figures quarterly. On July 2nd, Tesla reported it had produced 206,421 cars in Q2, with 201,250 vehicles being delivered. This was an increase from Q1, where the automaker reported 180,338 vehicles produced, with 184,800 deliveries. Both quarters were overwhelmingly dominated by the Model 3 and Model Y.

The Model 3 is manufactured at Tesla’s Fremont Factory in Northern California currently. Within the coming months, it will also be produced at Tesla’s Giga Texas facility near Austin. The Texas plant will produce Model 3s for customers in the Eastern half of North America, while the Fremont plant will continue its production for the Western portion of the continent.

It is interesting to note that the Model 3 Long Range is not the least expensive variant of the all-electric sedan. However, this has not stopped the car from having the most prolonged delivery date. The vehicle has 353 miles of range and a lightning-quick 4.2-second 0-60 MPH time. The car offers sufficient range with incredible performance, making it an ideal combination for consumers who want a little taste of both.

As demand for the Model 3 and Tesla’s other vehicles continues to grow, the company continues to expand its footprint of factories to handle the increasing demand for its cars. While Tesla is currently building its vehicles in Fremont and China at Giga Shanghai, Tesla will open the Giga Texas plant and its first European factory, Giga Berlin, later this year.

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Disclosure: Joey Klender is a TSLA Shareholder.

Don’t hesitate to contact us with tips! Email us at tips@teslarati.com, or you can email me directly at joey@teslarati.com.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Lucid denies rumors of bankruptcy after over 40% stock drop

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Credit: Lucid

Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.

Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.

The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”

Twork said:

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Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.

Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.

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Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.

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Tesla owner attempts resale of Model S Signature Edition for over $260k

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Credit: Tesla

A Tesla owner who purchased a Model S Signature Edition, one of the final 250 units of the all-electric flagship vehicle that the company discontinued earlier this year, is attempting to sell the car despite a no-resale clause that prohibits reselling for the first year.

The car is being sold by J&S Autohaus in Ewing, New Jersey, and is priced at $260,490, well above the $159,420 that Tesla sold it for earlier this year.

To those who do not know, the Model S Signature was a highly exclusive, limited-run farewell variant of the Model S Plaid that was produced this year to mark the end of production of both the Model S and Model X, Tesla’s two flagship vehicles.

Limited to just 250 units with invite-only sales, it serves as a collector’s item celebrating the legacy of the Model S, which helped pioneer Tesla’s electric vehicle success since its 2012 launch.

It bundles top-tier performance with bespoke cosmetic and luxury upgrades, plus Tesla’s Luxe Package. Here’s what the Model S Signature has over the typical Model S Plaid:

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  • Exclusive Exterior – Unique Garnet Red Paint, matching door handles, gold Tesla “T” badges upfront, gold Plaid and Signature badging at the rear.
  • Premium Interior – White Alcantara upholstery with gold piping/accents, gold Plaid seat badges, Signature-marked door sills, individually numbered dashboard plaque, gold puddle lights, special interior lighting sequence, and a custom Signature key fob.
  • Performance Upgrades – Carbon-ceramic brakes with gold calipers
  • Bundled Luxe Package – Full Self-Driving (Supervised), four years of Premium Connectivity, free lifetime Supercharging
  • Performance Metrics – ~1,020 horsepower, sub-2-second 0-60 MPH, ~390-mile range

Tesla quickly introduced a No Resale Agreement for the Signature Editions of the Model S and Model X, which would penalize the seller for “the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”

The company continues:

“If you sell or otherwise transfer the ownership of your Model S or Model X, the remainder of the Recommended Maintenance, Wheel and Tire Protection Plan, and Windshield Protection Plan will transfer automatically to the buyer. The Full Self-Driving (Supervised), Free Supercharging and Premium Connectivity will not transfer with the vehicle and will terminate once the ownership of the Model S or Model X is transferred.”

Tesla will likely come after the seller, especially as it has been about two months since Tesla launched deliveries.

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Tesla Full Self-Driving v14.3.5 Early Impressions: new features and early performance

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Credit: TESLARATI

Tesla rolled out Full Self-Driving (Supervised) v14.3.5 yesterday, and about fifty miles of driving on the new version has given me enough time to highlight what seems to be strong about the release and what is not.

Additionally, Tesla has added a few new features with this specific update, which we’ll highlight as well.

Tesla Full Self-Driving v14.3.5 Performance

The new update is business as usual. Things seem to be running completely normal and necessary, but there are a few things that we’ve seemed to pick up on based on our own experience with v14.3.5, as well as what other users are seeing.

Initially, it seems to be more aware of its surroundings, making moves that are incredibly courteous to other drives and operating just a tad more reserved than what the suite might have done previously.

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We had two instances where it showed this, the first being FSD needing to pass a Flagger Force vehicle that was placing down signage for the day. Their work truck was right at the front corner of a right-hand turn; typically where most cars travel when they take that turn.

FSD v14.3.5 recognized this, slowed down, and took the turn wide with no issues:

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Additionally, v14.3.5 backed up for a semi truck that was making a wide turn onto a road my car was on. This is not new, but it seemed to be backing up for courtesy; it didn’t seem completely necessary, but it might have put some peace of mind in the truck driver’s head:

X user Mike P, also a Pennsylvania native like myself, shared three clips of his Tesla running v14.3.5 performing similar maneuvers. He said:

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“FSD turns right into a small alley that only fits one car at a time, sees oncoming car, reverses out of alley to make space, realizes oncoming car is actually parking, re-enters alley.”

Check it out here:

It seems like Speed Profiles are still in need of some tweaking; I am adjusting what Speed Profile I’m in frequently, constantly changing it to get it to travel at the correct speed. This was an issue for me on v14.3.4. It seems like they’re just a little inconsistent.

Terrible Parking

Parking attempts on v14.3.5 were not good. There are quite a few people who have said this:

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David Moss, the Tesla owner who has taken multiple coast-to-coast drives without any interventions, also has had some issues with parking early on with v14.3.5:

New Features

Tesla has added the ability to open Camera Preview at any time. Previously, it was only available in Park. Here’s what that feature looks like in action:

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Check back later this week for a longer review of what we’ve noticed on Full Self-Driving v14.3.5.

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