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First close look at Tesla Model 3 Performance with white interior on delivery lot
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.
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- A Model 3 Performance spotted in the wild. [Credit: ocean90277/Twitter]
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- A Model 3 Performance ‘s 20-inch Sport Wheels and red brake calipers. [Credit: ocean90277/Twitter]
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- A Model 3 Performance spotted in the wild. [Credit: Larry Lach/Twitter]
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.
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- The Model 3 Peformance’s center touchscreen. [Credit: Anthony Congiundi/Twitter]
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- The Model 3 Performance’s white interior. [Credit: @Swxnky/Twitter]
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- The Model 3 Performance’s white interior. [Credit: @Swxnky/Twitter]
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- The Model 3 Performance’s white interior. [Credit: @Swxnky/Twitter]
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- The Model 3 Performance’s performance pedals. [Credit: ocean90277/Twitter]
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.
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
