Did Tesla hint that it might build a Plaid Model 3?
The Parts Catalog for the vehicle certainly appears to suggest that the Plaid Powertrain could be coming to the all-electric sedan, even though CEO Elon Musk has said in the past that it does not necessarily make sense for the Model 3.
The Plaid Powertrain was first installed on the Model S and Model X, Tesla’s flagship luxury offerings, in 2021 as the automaker brought out its fastest vehicles to date.
The Plaid Powertrain enabled a 1.99-second 0-60 MPH acceleration rate for the Model S, white-knuckle speed that routinely was noted as the fastest production car on Earth.
The Model X comes in slightly slower, if that is the correct word, with 2.3 seconds for the same standstill to 60 MPH metric.
The Model S and Model X are Tesla’s premium offerings and account for less than 5 percent of the company’s production and delivery figures during any given quarter.
However, people will pay for speed, but not everyone. Some cannot justify the $89,990 price tag for the Plaid versions of the all-electric vehicles, which also boast top speeds of 200 MPH for the Model S and 149 for the Model X.
Enter the potential of a Model 3 Plaid, which would enable lightning-fast speed and an affordable price tag, giving more consumers access to one of the fastest and quickest vehicles on the planet.
New Tesla Roadster gets a rare update from Chief Designer: “Plaid is a great learning platform”
The Kilowatts, a notable EV content creation team, first noticed a Plaid Badge on the image of a Tesla Model 3 rear bumper, something that has been void of the unmistakable design from the automaker since it was first released in 2021.
Tesla’s Parts Catalog confirms Tesla is working on a Performance version of the new Model 3, potentially PLAID!! pic.twitter.com/N7qxt0LUqM
— The Kilowatts ?⚡️ (@klwtts) October 19, 2023
Make no mistake, Musk once completely sold off any notion that Tesla would possibly develop such a vehicle. “No,” was his simple and straightforward answer when he was asked by some of his most loyal supporters if the car made sense. But we’ll be frank: it wouldn’t be the first time Musk said one thing and then did another in terms of a Tesla project.
Routinely, Musk has been against advertising, opting to put the money that would be used for a PR budget into vehicle development instead. Last night, Musk confirmed Tesla is advertising. I think there is something to be gained on the advertising front,” he said.
Last quarter, Tesla also temporarily allowed the transfer of Full Self-Driving licensing from one vehicle to another, which was always shot down in the past by customers who did not want to pay for the suite more than once.
For what it’s worth, a Plaid Model 3 might be just what the doctor ordered for Tesla. Although the narrative of slowing demand is often pushed regarding Tesla, the company continues to increase delivery and production volumes apart from the most recent quarter, which was affected by production line upgrades and factory shutdowns.
A Model 3 Plaid would likely increase interest in the company’s mass-market sedan, which is in need of a revamp in the U.S. market.
I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
