

News
Closer look at Tesla’s exclusive Model 3 ‘Power Sports’ Aero Wheels for China
The Tesla Model 3 Performance in the United States comes bundled with 20″ Performance Wheels, which are just slightly larger versions of the company’s 19″ Sports Wheels that are available for the Model 3 Standard Range Plus and Model 3 Dual Motor AWD. The 20″ option looks pretty good, if not understated, giving the Model 3 Performance an almost “sleeper” look.
In China, this is not the case. Tesla Model 3 Performance units in the Asian economic superpower come equipped with unique 19″ Power Sports Aero Wheels. The wheels are quite similar to the default 18″ Aero Wheels that come as standard with the Model 3 in the way that they optimize range. They just happen to look way better, being larger and more aggressive.
Unfortunately for US-based customers, the 19″ Power Sports Aero Wheels are exclusive for Chinese Model 3 Performance buyers. The wheels are simply not offered on cars for the US and European markets. To acquire these rare wheels, a Tesla owner would have to purchase a set from an owner in China, then get it shipped to the United States. That takes a lot of effort, and it entails some significant shipping costs.
Tesla owner-enthusiast Erik Strait, the host of the DÆrik YouTube channel, proved up for the challenge. During a recent trip to China, the Tesla enthusiast was able to purchase a set of 19″ Power Sports Aero Wheels from a local Model 3 Performance owner. The wheels were generally in good condition, though one had a slight road rash. Rather amusingly, the Chinese Tesla owner ended up with no wheels after selling his Power Sports Aero set, as his aftermarket replacements were still in transit.
A look at the 19″ Power Sports Aero Wheels in the owner-enthusiast’s Model 3 shows that Tesla knocked it out of the park with the wheels’ design. The setup looks great, and while slightly smaller than the US-spec Model 3 Performance’s 20″ Sports Wheels, the 19″ Chinese-spec wheels give the all-electric sedan a pretty distinct look. The wheels’ OEM look, with striking silver and black tones, is particularly eye-catching.
While the Power Sports Aero Wheels are exclusive to China for now, sightings of the Model Y suggest that Tesla is looking to release the wheel option for the upcoming crossover SUV. Sightings of a likely release candidate unit around Tesla’s CA facilities featured a vehicle that seemed to have been equipped with the 19″ wheels. The white static Tesla Model Y unit in the vehicle’s unveiling seemed to have been fitted with wheels with similar designs as well.
Watch DÆrik‘s feature on the Model 3’s 19″ Power Sports Aero Wheels in the video below.

Elon Musk
Tesla rolls out Steer-by-Wire improvements to Cybertruck

Tesla is rolling out some improvements to the Steer-by-Wire system on Cybertruck, which is one of the features exclusive to the vehicle as it is not active on any other vehicle in the company’s all-electric lineup.
Steer-by-wire is a steering system that turns the direction of wheels mechanically. It differs from vehicles with typical electric power steering systems in the way that those rely on the steering wheel column to transfer steering torque to the wheels.
There are a handful of EVs that use steer-by-wire, including the Cybertruck, Hummer EV, and Silverado EV. The latter two use a traditional steering column and only have steer-by-wire on their rear wheels, so they differ from the system the Cybertruck uses.

Credit: Tesla
The system has made the massive Cybertruck have better steering, and although its size is large, it is one of the easier Tesla vehicles to steer through tight spaces — granted you have the room.
Tesla is making an improvement to the system, according to a new update that will roll out in the 2025.8.4 Software Update as the steering wheel is now going to give more realistic feedback by adapting to road surfaces, the company said (via Not a Tesla App):
“The steering wheel now gives you more realistic feedback, adapting to different road surfaces for a better driving experience.”
This feature will work alongside another improvement as the Cybertruck’s air suspension ride height is now adjustable through the Tesla App.
Tesla Cybertruck steer-by-wire system helps avoid potential collision
The changes from the update, in terms of the more realistic feedback, will improve the overall feel of the road for drivers, making for a better driving experience.
News
Rivian startup spinoff raises $105M in funding for micro EV production
Meet Also, Rivian’s micro EV spinoff, now a full-fledged startup with $105M in funding. It’s adapting Rivian’s tech for compact EVs.

Rivian’s skunkworks program has turned into a full-blown startup called Also. The new startup, which is separate from Rivian, raised $105 million from Eclipse Ventures. Also will focus on micromobility or the development of micro electric vehicles.
Also started within Rivian, aiming to figure out if the electric vehicle company’s technology could be condensed to fit smaller EVs, including vans, trucks, and SUVs. Eventually, the skunkworks program discovered it could, indeed, fit Rivian’s technology in smaller, more compact electric vehicles, but the project was bigger than Rivian.
“We’ve been taking the Rivian technology stack and adapting it to much smaller form factors and then coming up with some incredibly exciting embodiments of that technology in these very small form factors,” Rivian CEO RJ Scaringe told Reuters.
Rivian will always be part of Also. It holds a minority stake in Also and Rivian’s VP of future programs, Chris Yu, will be the startup’s president.
According to Scaringe, Also plans to debut its first vehicle designs later this year. One of the designs seems to be a bike, as Scringe described it having a seat, two wheels, and a screen with a few computers and a battery.
Also aims to start producing its flagship product by 2026 for customers in the United States and Europe. In addition, it plans to launch consumer and commercial vehicles made for Asia and South America.
Investor's Corner
Financial Times retracts report on Tesla’s alleged shady accounting
“Turns out FT can’t do finance,” Tesla CEO Elon Musk quipped on X.

The Financial Times has issued a retraction for an article it recently published that accused the electric vehicle maker of shady accounting practices.
The FT’s retraction has been appreciated by the electric vehicle community in social media, though many highlighted the fact that the publication’s initial erroneous allegations have already been spread across numerous other media outlets.
The Allegations
In an article published on March 19, the Financial Times pointed out that if one were to compare “Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on,” “$1.4 billion appears to have gone astray.”
The FT article highlighted that Tesla reported spending $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024. However, in that period, the company’s property, plant, and equipment only rose by $4.9 billion. As noted by members of the r/Accounting subreddit, this appeared to be the basis of the FT‘s article, which seemed careless at best.
Unfortunately, the publication’s allegations were quickly echoed by other news outlets, many of which proceeded to accuse Tesla of implementing shady accounting practices.
The Retraction
In its retraction, the Financial Times explained that Tesla’s payments for assets already purchased and the possible disposal of depreciated property could help explain the alleged discrepancy in the company’s numbers. With these in consideration, the publication noted that the “crack we’re left with at Tesla is now small enough — just under half a billion dollars — to be filled with some combination of foreign exchange movements, non-material asset write-offs, or the sale of machinery or equipment close to its not-fully depreciated value.”
“As we sound the Alphaville bugle while lowering this particular red flag, one unavoidable conclusion is that at a certain point it’s necessary to trust the auditor’s judgment,” the publication noted.
Tesla CEO Elon Musk has responded to the Financial Times‘ retraction, commenting, “Turns out FT can’t do finance” in a post on social media platform X.
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