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First close look at Tesla Model 3 Performance with white interior on delivery lot

[Credit: Mark Benton/YouTube]

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As Tesla begins the rollout of the Model 3 Performance as designated test drive units to some of its showrooms, sightings of the dual motor, high-performance variant of the electric car have started emerging. 

Over the past weekend, reports from members of the Tesla community indicated that the Model 3 Performance had been delivered to some of Tesla’s locations, most notably the Buena Park, CA center. Twitter user Larry Lach, for one, noted in his sighting that there were at least five units of the Model 3 Performance in the Buena Park facility. Other reports, particularly that of r/TeslaMotors subreddit member u/TheHalfChubPrince, shared additional details of the vehicle, such as its economy rating of 116 MPGe. Images shared online further showcased the vehicle’s Premium white interior and its aluminum performance pedals, as well as its 20″ Sport Wheels with Michelin Pilot Sport 4S 235/35/ZR20 tires and red performance brake calipers.

Since Tesla managed to hit its goal of producing 5,000 Model 3 per week during the final week of the second quarter, the company has stopped its anti-selling initiatives for the vehicle and opened up its Model 3 online configurator to all North American customers. In addition, Elon Musk doubled down on Twitter, reiterating that roughly 100 Dual Motor Model 3 Performance vehicles have been manufactured and will be utilized as test drive units. Tesla uploaded a video of the vehicle’s capabilities while skidpad testing as well. Not long after this, sightings of the car in the Fremont factory’s lot were posted by RS Metrics on Twitter, showing what appears to be the Model 3 Performance fleet that Musk mentioned being prepared for shipping.

Both Elon Musk and Tesla’s official Twitter account further teased several features of the vehicle, such as it upgraded brake package comprised of an upgraded Brembo brake system that includes lightweight two-piece rotors and larger front rotors. The suspension of the electric car was also teased heavily by Musk, who stated that the compact electric car would feature a lower ride height thanks to a tuned suspension system.

 

Over the past few months, the Model 3 has proved itself as a car that can handle the track, unlike its larger sibling, the Model S, which remains prone to heating issues after a few hot laps. With upgraded brakes and suspension, the all-electric sedan becomes a very capable track car. A race-modified Model 3 recently took first place in its category at the 2018 Canadian Sport Compact Series Time Attack series, beating out a Porsche Boxter in the process.

The Model 3 Performance is capable of sprinting from 0-60 mph in 3.5 seconds, boasts a top speed of 155 mph and capable of 310 miles of driving per single charge. With a price of $64,000 before options, the Model 3 Performance provides interested electric car buyers with a high-performance vehicle that is quite reasonably priced. Including Enhanced Autopilot and Full Self-Driving, the vehicle reaches a price of $80,000, which is significantly higher than Tesla’s originally promised $35,000 base model. Still, a top-of-the-line all-wheel drive Model 3 is considerably more affordable than comparable vehicles like the BMW M3, which costs $91,759 fully loaded, and the $106,000 Mercedes AMG C 63 S Coupe.

Watch a video walkaround of the Model 3 Performance in the Buena Park, CA spotted by Tesla owner Mark Benton below. As noted by Mark in his video, the Model 3 Performance with VIN55394 in Buena Park did not have its carbon fiber spoiler and its Dual Motor badge installed as of yet. These accents are set to be installed on the vehicle after delivery. 

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 hits major milestone with Full Self-Driving subscriptions

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Credit: Ashok Elluswamy/X

Tesla has announced it has hit a major milestone with Full Self-Driving subscriptions, shortly after it said it would exclusively offer the suite without the option to purchase it outright.

Tesla announced on Wednesday during its Q4 Earnings Call for 2025 that it had officially eclipsed the one million subscription mark for its Full Self-Driving suite. This represented a 38 percent increase year-over-year.

This is up from the roughly 800,000 active subscriptions it reported last year. The company has seen significant increases in FSD adoption over the past few years, as in 2021, it reported just 400,000. In 2022, it was up to 500,000 and, one year later, it had eclipsed 600,000.

In mid-January, CEO Elon Musk announced that the company would transition away from giving the option to purchase the Full Self-Driving suite outright, opting for the subscription program exclusively.

Musk said on X:

“Tesla will stop selling FSD after Feb 14. FSD will only be available as a monthly subscription thereafter.”

The move intends to streamline the Full Self-Driving purchase option, and gives Tesla more control over its revenue, and closes off the ability to buy it outright for a bargain when Musk has said its value could be close to $100,000 when it reaches full autonomy.

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It also caters to Musk’s newest compensation package. One tranche requires Tesla to achieve 10 million active FSD subscriptions, and now that it has reached one million, it is already seeing some growth.

The strategy that Tesla will use to achieve this lofty goal is still under wraps. The most ideal solution would be to offer a less expensive version of the suite, which is not likely considering the company is increasing its capabilities, and it is becoming more robust.

Tesla is shifting FSD to a subscription-only model, confirms Elon Musk

Currently, Tesla’s FSD subscription price is $99 per month, but Musk said this price will increase, which seems counterintuitive to its goal of increasing the take rate. With that being said, it will be interesting to see what Tesla does to navigate growth while offering a robust FSD suite.

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Tesla confirms Robotaxi expansion plans with new cities and aggressive timeline

Tesla plans to launch in Dallas, Houston, Phoenix, Miami, Orlando, Tampa, and Las Vegas. It lists the Bay Area as “Safety Driver,” and Austin as “Ramping Unsupervised.”

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Credit: Tesla

Tesla confirmed its intentions to expand the Robotaxi program in the United States with an aggressive timeline that aims to send the ride-hailing service to several large cities very soon.

The Robotaxi program is currently active in Austin, Texas, and the California Bay Area, but Tesla has received some approvals for testing in other areas of the U.S., although it has not launched in those areas quite yet.

However, the time is coming.

During Tesla’s Q4 Earnings Call last night, the company confirmed that it plans to expand the Robotaxi program aggressively, hoping to launch in seven new cities in the first half of the year.

Tesla plans to launch in Dallas, Houston, Phoenix, Miami, Orlando, Tampa, and Las Vegas. It lists the Bay Area as “Safety Driver,” and Austin as “Ramping Unsupervised.”

These details were released in the Earnings Shareholder Deck, which is published shortly before the Earnings Call:

Late last year, Tesla revealed it had planned to launch Robotaxi in Las Vegas, Phoenix, Dallas, and Houston, but Tampa and Orlando were just added to the plans, signaling an even more aggressive expansion than originally planned.

Tesla feels extremely confident in its Robotaxi program, and that has been reiterated many times.

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Although skeptics still remain hesitant to believe the prowess Tesla has seemingly proven in its development of an autonomous driving suite, the company has been operating a successful program in Austin and the Bay Area for months.

In fact, it announced it achieved nearly 700,000 paid Robotaxi miles since launching Robotaxi last June.

With the expansion, Tesla will be able to penetrate more of the ride-sharing market, disrupting the human-operated platforms like Uber and Lyft, which are usually more expensive and are dependent on availability.

Tesla launched driverless rides in Austin last week, but they’ve been few and far between, as the company is certainly easing into the program with a very cautiously optimistic attitude, aiming to prioritize safety.

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Investor's Corner

Tesla (TSLA) Q4 and FY 2025 earnings call: The most important points

Executives, including CEO Elon Musk, discussed how the company is positioning itself for growth across vehicles, energy, AI, and robotics despite near-term pressures from tariffs, pricing, and macro conditions.

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Credit: @AdanGuajardo/X

Tesla’s (NASDAQ:TSLA) Q4 and FY 2025 earnings call highlighted improving margins, record energy performance, expanding autonomy efforts, and a sharp acceleration in AI and robotics investments. 

Executives, including CEO Elon Musk, discussed how the company is positioning itself for growth across vehicles, energy, AI, and robotics despite near-term pressures from tariffs, pricing, and macro conditions.

Key takeaways

Tesla reported sequential improvement in automotive gross margins excluding regulatory credits, rising from 15.4% to 17.9%, supported by favorable regional mix effects despite a 16% decline in deliveries. Total gross margin exceeded 20.1%, the highest level in more than two years, even with lower fixed-cost absorption and tariff impacts.

The energy business delivered standout results, with revenue reaching nearly $12.8 billion, up 26.6% year over year. Energy gross profit hit a new quarterly record, driven by strong global demand and high deployments of MegaPack and Powerwall across all regions, as noted in a report from The Motley Fool.

Tesla also stated that paid Full Self-Driving customers have climbed to nearly 1.1 million worldwide, with about 70% having purchased FSD outright. The company has now fully transitioned FSD to a subscription-based sales model, which should create a short-term margin headwind for automotive results.

Free cash flow totaled $1.4 billion for the quarter. Operating expenses rose by $500 million sequentially as well.

Production shifts, robotics, and AI investment

Musk further confirmed that Model S and Model X production is expected to wind down next quarter, and plans are underway to convert Fremont’s S/X line into an Optimus robot factory with a capacity of one million units.

Tesla’s Robotaxi fleet has surpassed 500 vehicles, operating across the Bay Area and Austin, with Musk noting a rapid monthly expansion pace. He also reiterated that CyberCab production is expected to begin in April, following a slow initial S-curve ramp before scaling beyond other vehicle programs.

Looking ahead, Tesla expects its capital expenditures to exceed $20 billion next year, thanks to the company’s operations across its six factories, the expansion of its fleet expansion, and the ramp of its AI compute. Additional investments in AI chips, compute infrastructure, and future in-house semiconductor manufacturing were discussed but are not included in the company’s current CapEx guidance.

More importantly, Tesla ended the year with a larger backlog than in recent years. This is supported by record deliveries in smaller international markets and stronger demand across APAC and EMEA. Energy backlog remains strong globally as well, though Tesla cautioned that margin pressure could emerge from competition, policy uncertainty, and tariffs. 

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