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Tesla Model 3 wins hearts as famed NYC Taxi, picks up where Nissan Leaf couldn’t

(Credit: drive_sally/Twitter)

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Images of a Tesla Model 3 being used as a New York City taxi cab, complete with the fleet’s iconic yellow paint scheme, have started making the rounds online. The vehicle, which was sighted in Manhattan near a Tesla store, signifies what could very well be an upcoming shift towards sustainability for NYC’s taxi fleet. It also symbolizes a second chance of sorts for all-electric vehicles, especially considering the failure of the Nissan Leaf taxis in previous years.

Back in 2013, New York City launched a pilot program for all-electric taxis with a fleet of six first-gen Nissan Leafs. The vehicles were let loose in the city on Earth Day to much optimism and acclaim, but by 2015, the Leafs were decommissioned. In its final report, the NYC Taxi & Limousine Commission noted that the Nissan Leaf required drivers to significantly alter their driving habits due to the vehicles’ EPA-estimated 84-mile range. This handicap was highlighted further when the weather was hot, since the use of air conditioners was required for NYC taxis.

First Model 3 Taxi in NYC from r/teslamotors

The failure of the Leaf as a New York taxi was a cloud above all-electric cars until 2019, when reports emerged stating that the Tesla Model 3 had been approved for taxi service in the city. The all-electric sedan more than meets the minimum requirements for NYC cabs. These requirements include ample interior space, air conditioning for rear-seat passengers, seats that are easy to clean, and enough cabin space to install the clear partition that separates the driver from passengers in the backseat.

More importantly, the Model 3 does not have the same weakness as the first-gen Leafs from 2013. Unlike the 84-mile Leaf, the shortest-range Model 3 boasts at least 220 miles per charge, and that’s if customers specifically request for the non-Autopilot Standard Range version. Otherwise, the Standard Range Plus, the more affordable variant that could be ordered directly on Tesla’s website, offers an EPA-estimated range of 263 miles for $37,990. Autopilot also comes as a standard feature on variants from the Standard Range Plus and above.

Considering the power and range of the Tesla Model 3, there seems to be a good chance that the vehicle will not have the same feedback from taxi drivers as the first-gen Leafs from 2013. The Model 3, if any, would likely outperform the city’s other, conventional taxis, and its fast-charging capabilities through Tesla’s Supercharger Network would allow the vehicle to replenish most of its range while drivers take a brief break. The vehicle’s sizable cargo space from its trunk and frunk would likely be appreciated by commuters as well.

New York’s Tesla Model 3 taxi drivers would best be advised to take it easy on the all-electric sedan’s accelerator, however. Electric cars are famed for their instant torque, and the Model 3 is no exception, with even the Standard Range Plus variant having a 0-60 mph time that rivals muscle cars. If NYC taxi drivers develop a habit of punching the Model 3’s accelerator at every chance, history might end up repeating itself innumerable times. The first speeding infraction ever committed in the United States back in 1899, after all, was from a New York City cabbie who was driving 12 mph down Lexington Street in Manhattan, 4 mph above the legal speed limit at the time.

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The NYC taxi driver, Jacob German, was driving a battery-electric car.

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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Investor's Corner

Tesla analysts are expecting big things from the stock

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Credit: @AdanGuajardo/X

Tesla analysts are expecting big things from the stock (NASDAQ: TSLA) after many firms made price target adjustments following the Q3 Earnings Call.

Last Wednesday, Tesla reported earnings with record revenue but missed EPS estimates.

It blew delivery expectations out of the water with its strongest quarter in company history, but Tesla’s future relies on the development of autonomous vehicles, robotics, and AI, which many bullish firms highlight as major strengths.

The earnings call reiterated those points, along with the belief that Tesla CEO Elon Musk should be rewarded with a newly proposed pay package that would enable him to gain $1 trillion in wealth if he comes through on a lengthy list of performance tranches.

Nine Wall Street firms made adjustments to their outlook on Tesla shares in the form of price target increases since last Wednesday’s call, all of which are indications of big expectations for the stock moving forward.

Here are the nine firms that made moves:

  • Truist – $280 to $406, reiterated Hold rating
  • Roth MKM – $395 to $404, reiterated Buy rating
  • Cantor Fitzgerald – $355 to $510, reiterated Overweight rating
  • Deutsche Bank – $435 to $440, reiterated Buy rating
  • Mizhuo – $450 to $485, reiterated Outperform rating
  • New Street Research – $465 to $520, reiterated Buy rating
  • Evercore ISI – $235 to $300, reiterated In Line rating
  • Freedom Capital Markets – $338 to $406, upgraded to Hold rating
  • China Renaissance – $349 to $380, reiterated Hold rating

The boosts in price target are largely due to Tesla’s future projects, as Roth MKM, Cantor Fitzgerald, Mizuho, New Street Research, and Evercore ISI all explicitly mention Tesla’s autonomy, robotics, and AI potential as the main factors for its price target boosts.

Cantor Fitzgerald raises Tesla PT To $510, citing Cybercab, Semi, and AI momentum

It is no surprise that many firms are adjusting their outlook on Tesla shares considerably in an effort to prepare for the company’s transition to even more of a tech company than a car company.

The issue with many analysts is that they treat the company’s vehicle deliveries as the main indicator of value.

However, Tesla has a robust energy division, which was a major contributor to the company’s strong margins and gross profit in Q3, as well as its prowess in robotics and AI.

Additionally, the company is seen as a key player in the autonomy field, especially after launching driverless rides on a Robotaxi platform in Austin and expanding a similar program in the Bay Area.

Tesla shares were up over 5 percent at 12:18 p.m. on the East Coast.

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Tesla exec provides key update on Optimus’ improving dexterity

As per the executive, the humanoid robot is now able to perform more deliberate tasks such as folding laundry.

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Credit: Tesla

Tesla Board Chair Robyn Denholm has provided a rather compelling update on Optimus’ improving dexterity. As per the executive, the humanoid robot, which is expected to enter initial production next year, is now able to perform more deliberate tasks, such as folding laundry. 

Optimus’ dexterity

During an interview with CNBC, Denholm was asked how close Optimus was to true dexterity. Achieving human-like dexterity is a key goal for Optimus as the robot is designed to be able to perform tasks that are traditionally performed by humans. This means that Optimus should be able to move its hands in a very delicate manner. During the segment, one of CNBC’s hosts mentioned that humanoid robots today are not able to fold laundry just yet. 

Denholm responded that Tesla’s robot is now able to perform the task. “Optimus can fold laundry. I’ve been in the lab with Optimus. He can fold laundry. He can wipe the table really well. He can hand things to you. You can actually shake hands with him. The tactile nature of his hand is actually really very good,” the Tesla Board Chair stated.

Redefining robotics

The executive reiterated that Optimus is already operating in Tesla’s Palo Alto offices today. “We’re redefining what transportation is, but we’re also redefining robotics and what AI brings to robotics and how versatile the robots will be in the future,” Denholm noted. 

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Elon Musk has reiterated the importance of Optima’s hands during the Q3 2025 earnings call. While discussing the humanoid robot’s capabilities, Musk stated that Optimus, in its production form in the future, should be able to perform incredibly delicate tasks such as surgery. This, the CEO noted, would be pivotal in Tesla’s efforts to push the world towards sustainable abundance.

“Going beyond sustainable energy to say, sustainable abundance is the mission, where we believe with Optimus and self-driving, we can actually create a world where there is no poverty, where everyone has access to the finest medical care. Optimus will be an incredible surgeon, for example. Imagine if everyone had access to an incredible surgeon,” Musk said.

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Tesla comes through on huge promise for Bay Area ride-hailing service

Tesla’s ride-hailing service in the California Bay Area is somewhat similar to what the company is doing with Robotaxi in Austin, Texas.

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Credit: Tesla

Tesla has come through on a huge promise for its Bay Area ride-hailing service just two months after aiming to expand to a new territory.

Tesla’s ride-hailing service in the California Bay Area is somewhat similar to what the company is doing with Robotaxi in Austin, Texas.

However, regulatory rules and the fact that the company is operating with someone in the driver’s seat —a stark difference from the operation in Austin —have kept the business categorized as a ride-hailing application in California.

But Tesla is still breaking barriers down with its service, which operates entirely using the Full Self-Driving (Supervised) platform, as the “Safety Monitors” are only there to ensure safety and take over in the most necessary circumstances.

In September, Tesla filed to begin operating its ride-hailing service at various airports in the Bay Area, including San Francisco International Airport, San Jose Mineta International Airport, and Oakland International Airport.

Tesla targets Bay Area airports as next step for Robotaxi rollout

It officially came through on that promise last night, as it announced its Bay Area ride-hailing service would now go to San Jose Mineta International Airport:

The expansion signals a key approval for Tesla to travel to one of the more popular places where people would need or simply want a drop-off. Airports are expensive to park in, so many people utilize ride-hailing services to enable a more economical experience from start to finish.

With this approval for SJC, Tesla will likely gain even more approvals for other airports in the Bay Area in the coming weeks or months.

While Tesla believes at least half of the U.S. population will have access to the company’s Robotaxi program or its ride-hailing service by the end of the year, the first step will be gaining approval in more metropolitan areas.

Tesla is looking to expand to other states, including Nevada, Florida, and Arizona, with its Robotaxi platform in the near future.

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