Investor's Corner
Tesla registers 13.6k new Mid Range Model 3 VINs after posting blockbuster earnings
After posting blockbuster quarterly results that pleasantly surprised Wall Street on Wednesday, Tesla has shown renewed signs that its Model 3 production ramp is gaining strength. On early Thursday, Tesla registered its largest single batch of Model 3 VINs yet, comprised of 13,629 vehicles, all of which are estimated to be RWD.
With this latest filing, Tesla had registered a total of 169,791 Model 3 to date. The absence of AWD VINs also bodes well for the demand for the Model 3’s newest variant — the Mid Range Model 3 — which utilizes a single motor at the rear, and costs less than the Long Range RWD Model 3, which starts at 49,000 before incentives.
#Tesla registered 13,629 new #Model3 VINs. ~0% estimated to be dual motor. Highest VIN is 169791. https://t.co/CbAbsrLRkz
— Model 3 VINs (@Model3VINs) October 25, 2018
The arrival of the Mid Range Model 3 came as a surprise for the vehicle’s reservation holders, particularly since the variant has not been announced prior to its launch. When the Model 3 was unveiled, Tesla had listed two RWD variants of the vehicle — a 220-mile Standard range version that starts at $35,000 and a 310-mile Long Range variant that starts at $49,000. The Mid Range Model 3, which has a range of 260 miles per charge, cost $45,000 when it was unveiled, though the price of the electric sedan was raised to $46,000 earlier this week.
The Mid Range Model 3 appears to be Tesla’s way of offering a lower-cost option for reservation holders who are holding out for the release of the $35,000 base Model 3. After the $7,500 tax credit and estimated gas savings, after all, the Mid Range Model 3’s cost of ownership falls to around $33,200. Elon Musk referenced the newly-announced Model 3 variant in the recently-held earnings call.
“We’re trying to provide (the) most affordable electric car options that we can. And so as we can — we just don’t have the ability to get to the $35,000 car right away. We thought this might be a way to offer it as an intermediate step. And that’s really it,” Musk said.
Considering the new wave of RWD VIN registrations, as well as the vehicle’s $1,000 price increase just days after it was released, it appears that the demand for the Mid Range Model 3 is quite notable. Since Elon Musk announced the car on Twitter, for one, Tesla had registered more than 18,000 RWD Model 3 VINs. Considering that the Long Range RWD variant is only available off-menu for now, it seems safe to infer that the majority of the vehicles corresponding to Tesla’s new VIN filings are Mid Range Model 3s.
The Tesla Model 3. [Credit: Tesla]
While Tesla delivered a blockbuster third quarter, the company’s fourth-quarter performance seems poised to be even more impressive. This Q4, Gigafactory 1 is expected to receive upgrades in the form of new Grohmann Machines that would make battery pack production cheaper and faster, as well as upgraded battery cell production lines from Panasonic. In terms of VIN registrations, October seems poised to set records for the company, with Tesla registering more than 51,000 VINs since the month began.
What is even more impressive is that Tesla is only partly done with its Model 3 production ramp, considering that the company is aiming to hit a production rate of 10,000 units of the electric car per week. Elon Musk proved optimistic about the ongoing ramp for the vehicle, though, as shown in his statements during the recent earnings call.
“Yeah, very minimal to get (Model 3 production) to 7,000 a week. And then I mean that’s really just basically solving improving our time of the existing lines, and we can do 7,000 a week. So and then it gets a little harder as you start to go above 7,000, it would need — at least bringing lines down in Fremont for significant upgrades to get to 10k,” Musk said.
Elon Musk
SpaceX Starship Flight 13 aborted at Zero and Musk just told us what broke
Four Raptor engines failed to ignite at T-zero, forcing SpaceX to scrub Starship Flight 13 Thursday.
SpaceX scrubbed the Starship Flight 13 launch attempt Thursday evening at the last possible moment, after four of the Super Heavy booster’s 33 Raptor 3 engines failed to ignite during the startup sequence. The 90-minute window had opened at 6:45 p.m. EDT from Starbase in Boca Chica, Texas, and the countdown had proceeded without issue all day, with more than 11.5 million pounds of liquid methane and liquid oxygen being fully loaded into the rocket before the automated abort triggered. SpaceX’s launch directors posted on X, “Standing down from today’s flight test attempt,” and shut down the livestream shortly after.
Musk confirmed the root cause within hours. “Some of the engines didn’t start, triggering an automatic launch abort,” he wrote on X. “To be confident of a good flight, 2 Raptors will be removed and replaced. Most probable launch timing is early next week.” SpaceX engineers began draining propellant tanks immediately and Booster 20 was rolled back to its hangar for inspection.
The timing adds a layer of significance that did not exist during any of the previous 12 Starship flights. This is the first time SpaceX has attempted to launch Starship since the company made its stock market debut in June, listing under ticker SPCX at $135 per share. Public investors are now watching every Starship outcome in real time, and a last-second abort carries more visibility than it would have six months ago.
Flight 13 was designed to be one of the most consequential tests in the program’s history. It was set to carry 20 Starlink V3 satellites, the first operational payload Starship has ever attempted to deploy. Six of those satellites carried external cameras to photograph Starship’s heat shield from the outside during flight, which would act as a self-inspection approach SpaceX has never attempted before. The mission also needed to complete a Raptor engine relight in space, a step SpaceX skipped on Flight 12 in May after losing an engine during ascent. That Flight 12 booster also flipped 90 degrees off course during its boostback burn when five engines failed to reignite.
SpaceX has not announced an official next launch date. Musk’s “early next week” window points to July 21 or 22 at the earliest, pending the engine swap and a return to the pad.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
Tesla enters two new markets on two different continents in one week
SpaceX announces new Starship 13 test flight target date
