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Elon Musk gives tips to optimize Tesla Model 3 Performance, teases 0-60 mph in 3.3 seconds
Elon Musk recently gave some tips for would-be owners of the Model 3 Performance — in order to fully optimize the electric car’s capabilities and speed, equipping it with stickier and wider tires at the rear is recommended. According to Musk, the Model 3 Performance would likely be capable of sprinting from 0-60 mph in 3.3 seconds with optimized rims and tires.
Musk’s advice came as a response to Tesla enthusiast Ryan McCaffrey, who mentioned an observation from the Wall Street Journal‘s Dan Neil, who recently reviewed the Model 3 Performance. According to Neil, the Model 3 Performance is already an excellent car, but it would be even better if it had a better set of tires. Musk responded, stating that Tesla had to give up some of the car’s grip to optimize its range. For drivers aiming for top performance, Musk stated that upgrading the tires and wheels can give the car an extra boost.
Definitely. We gave up some grip & width in exchange for range. Would recommend stickier tires & wider on rear for best performance. You might get 3.3 sec 0-60 mph or better with optimized rims & tires.
— Elon Musk (@elonmusk) July 20, 2018
As could be seen in Tesla’s configuration page for the vehicle, the Model 3 Performance is capable of going from a dead stop to 60 mph in 3.5 seconds, thanks to its twin electric motors that deliver instant torque. The electric car also has a top speed of 155 mph, as well as a range of 310 miles on a single charge. In true Tesla tradition, Elon Musk teased back in May that the Model 3 Performance’s power output could be a bit higher than expected.
Tesla already has a reputation for making its vehicles faster over time. Just last year, Tesla opted to “uncork” the 75D variants of the Model S and Model X. The Model S 75D, for example, had a notable boost in acceleration after the vehicle’s 0-60 mph time was reduced from 5.2 seconds to 4.2 seconds through a free software update. The Model X 75D also had a similar performance bump, with the all-electric SUV’s 0-60 time dropping from 6.0 seconds to 4.9 seconds. Thus, with Elon Musk’s announcement last May, expectations were high that Tesla would likely improve the Model 3 Performance’s acceleration and capabilities over time as well. Talks of a Ludicrous Mode upgrade, which Musk reacted positively to before, were also reiterated.
When he announced the vehicle’s specs on Twitter, Elon Musk stated that the Model 3 Performance, with its 0-60 mph time of 3.5 seconds, would be 15% faster on the track than a BMW M3. Considering that a simple improvement in wheels and tires would likely cause the vehicle to accelerate .20 seconds faster, Musk’s estimates for the Model 3 Performance might actually end up being rather conservative.
When Tesla announced the Model S P85D back in 2014, the company unveiled the vehicle’s Insane Mode, which allowed the family sedan to accelerate from 0-60 mph in 3.2 seconds, rivaling the McLaren F1, a legendary supercar that Musk admits is one of the best cars to ever be made. The McLaren F1 has a 0-60 time of 3.2 seconds — just .10 seconds faster than the raw acceleration of the Model 3 Performance with wider rear tires.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
