With a few weeks left in 2023, Tesla China seems to be focusing its resources on the domestic Chinese market. This was hinted at in a recent update to Tesla China’s online configurator, which showed that the wait times for both the Model 3 and Model Y have been adjusted.
As per Tesla China’s official website, the estimated wait times for the Giga Shanghai-made Model 3 and Model Y Long Range are now listed at 2-6 weeks. Previously, the estimate for the Model 3 Long Range’s wait time was listed at 6-9 weeks, while the Model Y Long Range was listed at 6-8 weeks. Other versions of the Model 3 and Model Y currently on sale in China are listed with an estimated delivery date of 2-6 weeks as well.
With the updated timeframe for vehicle orders in place, those who place an order for the Model 3 Highland or the revamped Model Y in China today may still be able to take delivery of their new vehicle by the end of the month. This should help Tesla China boost its domestic deliveries this Q4 2023.
$TSLA ??
Tesla China Model 3/Y Estimated Delivery Date has decreased.
– All vehicles will now be marked between 2-6 weeks.
– There is no change in price today. pic.twitter.com/rhmWu0MTlk— Tsla Chan (@Tslachan) December 14, 2023
While Tesla China has not explained the Giga Shanghai-made Model 3 and Model Y’s updated wait times, the adjustments could point towards a focus on the domestic Chinese market. Over the course of Q4, Tesla watchers have observed that the electric vehicle maker has been exporting several batches of vehicles abroad this quarter. Earlier this month alone, a fleet of Right Hand Drive (RHD) Teslas was spotted in the Shanghai South Port, ready to be shipped abroad.
As noted in a CNEV Post report, the shorter wait times in the Model 3 and Model Y could also hint at a smooth production ramp at Giga Shanghai. The facility, after all, is the sole Tesla factory that currently produces the Model 3 Highland and the refreshed Model Y, which features a slightly updated interior.
Further hints of Tesla’s strong demand in the Chinese domestic market come from reports about the Model Y RWD. A leaked document circulated by Tesla salespeople on social media suggests that the base Model Y is approaching near-sellout status in China for 2023. This is quite unsurprising as the Model Y RWD offers Tesla’s industry-leading tech and features at a reasonable price.
Tesla China offers two variants of the Model 3: a base RWD version that’s offered at RMB 261,400 ($36,995) before options, and a Long Range All Wheel Drive (AWD) variant that starts at RMB 297,400 ($42,085). The Model Y, on the other hand, is offered in three variants: a base RWD that starts at RMB 266,400 ($37,698), a Long Range AWD that starts at RMB 306,400 ($43,360), and a Performance variant that starts at RMB 363,900 ($51,498), respectively.
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Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.
SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.
The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.
SpaceX Starship just nailed something it’s never done before
Nevertheless, more details are coming out about Starship, and Musk is doing the talking.
Starship Will Be Retrieved in the Ocean
Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.
We’re sending a ship out to recover Starship https://t.co/fUqUZTITO9
— Elon Musk (@elonmusk) July 28, 2026
This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.
Ship Could Have Been Caught by Tower Arms, Musk claims
Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.
The ship landing was precise, meaning that it would have been caught by the tower arms https://t.co/6nbNrRfX9P
— Elon Musk (@elonmusk) July 29, 2026
A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.
It is a necessity to make life multiplanetary.
Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Elon Musk updates the SpaceX timeline for Mars
