Tesla unveiled a new, “refreshed” Model 3 in early October 2020 that equipped several new adjustments to its mass-market sedan’s cosmetic look and performance. However, true, in-depth looks of the vehicle have been hard to come by, as deliveries for the new version of the car have not yet been completed.
Now, the first looks at some of the Model 3’s new features are being displayed in a new video from Hong Kong-based YouTube channel 駕輛 UpCar. The hosts had the opportunity to take an up-close look at the new Model 3 before others have had the chance.
駕輛 UpCar’s hosts state that the new version of the mass-market Model 3 “is really a new car” based on what they’ve seen from Tesla’s additions.
Tesla Model 3 ‘refresh’ goes live with 353-mile range, Uberturbine wheels, powered trunk, and more
Exterior/Cosmetic Updates
While the car’s exterior shape has remained relatively identical, the only minor revision was the headlights, which were spotted on a pre-refreshed version of the Model 3 that was built in China.
One of the most commonly recognized updates on the refreshed Model 3 was the addition of Chrome Delete. Tesla made this cosmetic modification standard with the Model Y, and many owners have been known to manually make this change with third-party kits on their Model 3s. However, Tesla made the Chrome Delete feature standard with the Model 3 refresh. The door handles, side mirror trim, window trim, and camera covers are all chrome deleted.
Double-Paned Glass
The double-paned glass was spotted on several builds of the Model Y in October. However, the feature is also standard with the refresh, although it was spotted on pre-refreshed versions of the Model 3. The additional layer of glass is required to help with interior cabin noise, which has been a common complaint with some electric cars due to their lack of an engine to dampen road noise. The glass also increases insulation and could complement the addition of the heat pump to the Model 3 to keep the cabin a comfortable temperature for passengers.
Powered Trunk
Another similarity between the Refreshed Model 3 and the Model Y is the addition of a dedicated powered trunk. A powered liftgate button was placed in the Model 3, allowing for easy opening and closing of the trunk at this button’s press.
Cabin Revisions and Additions
Teslarati covered the new center console in October, which is also outlined in 駕輛 UpCar’s video. The new design slides and retracts into itself and also has new material. Tesla parted from the piano black as fingerprints and dust were easily noticed. Additionally, a new suede wireless charging platform was placed just above the new center console design. Tesla began installing wireless chargers in the Model X in early 2020, allowing for quick and pain-free charging of compatible smartphones. USB-C ports are also available in the rear, allowing for fast-charging capabilities for passengers in the back of the car.
Performance and Range Upgrades
In terms of performance upgrades, the Long Range Dual Motor AWD improved from 4.4 to 4.2 seconds from 0-60 MPH, and the Performance gained one-tenth of a second from 3.2 to 3.1 seconds. In range, the Standard Range+ variant went from 250 to 263 miles of range per charge, while the Long Range Dual Motor AWD boosted to 353 from 322. The Performance variant also upgraded to 315 miles from its previous 299.
As Tesla begins the shipment of refreshed Model 3s from Fremont, it is only a matter of time before the first few lucky purchasers receive their cars. Increased performance and range ratings are sure to win over new buyers, but the improvements in Tesla’s vehicles will equate to higher quality builds in the future. The advancements could spread across other vehicles in the future, including Tesla’s planned $25,000 sedan that will be available in several years.
You can check out 駕輛 UpCar’s full video on the Model 3 refresh below.
H/t: Drive Tesla Canada
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
