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Tesla boosts Model 3 to whopping 353-mile EPA range for less than $47,000
Tesla left a ton of surprises for interested buyers after the company updated its design studio and unleashed its Model 3 refresh. Tesla gave all Model 3 variants a range boost. The Long Range and Performance variants received a little extra love with improvements in 0-60 mph performance as well.
The Model 3 Standard Range Plus now has a range of 263 miles. Before the refresh, the Model 3 SR+’s EPA estimated range was 250 miles. Now the Long Range Model 3 has an EPA range of 353 miles. Prior to Tesla’s design studio update, the Model 3 LR’s range was 322 miles, which was already far above its competitors in the electric car market.
The Performance variant’s new EPA range is 315 miles, passing the 300- mile mark it shyly missed before the Model 3 refresh. This is incredibly impressive, especially for a car that is optimized for maximum performance.
The Long Range and Performance variant received a little extra TLC. Tesla also improved the performance of both top-tier Model 3 variants. The Performance can now do 0-60mph in 3.1 seconds, only .1 second faster than the previous version. While the Long Range is now capable of doing 0-60mph in 4.2 seconds, a significant leap from the 4.4 seconds in the older Model 3 LR.
The best tidbit about Tesla’s upgraded Model 3 might be the fact that the company did not change the price of the cars. The SR+ is still $37,990 and $28,690 after potential savings. The Model 3 LR’s purchase price is still below $50,000 at $46,990 or $37,690 after potential savings. And the Performance is still $54,990 or $45,690 after potential savings.
-->Offering a 353-mile Model 3 at less than $47,000 is a bold move for Tesla, especially considering the state of the all-electric sedan’s competition. For context, the Polestar 2, arguably one of the Model 3’s more legitimate competitors, starts at $61,200 before incentives, and only has an EPA-estimated range of 233 miles per charge.
Tesla’s refreshed Model 3 variants might make the vehicle even more enticing. Details about the Model 3 refresh have been coming out of the woodwork for the past couple of weeks. Images of the Model 3 refresh revealed that Tesla opted to change the EV sedan’s interior. The pictures showed a new center console with a more traditional design that featured a matte finish, silver accents, and faux leather stitching.
Other images revealed that the Model 3 refresh would include chrome delete wheels, too. There was some speculation that Tesla would upgrade the Model 3’s range and performance as well. The latest design studio update confirms that the images were indeed Tesla’s redesigned Model 3.
News
Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla appears to be making a change to its exterior side repeater cameras, which are used for the company’s Full Self-Driving suite, and other features, like Sentry Mode.
The change appears to be a potential upgrade in preparation for the AI5 suite, which CEO Elon Musk said will be present on a handful of vehicles next year, but will not be widely implemented until 2027.
Currently, Tesla uses a Sony sensor lens with the model number IMX963, a 5-megapixel camera with better dynamic range and low-light performance over the past iteration in Hardware 3 vehicles. Cameras in HW3 cars were only 1.2 megapixels.
However, Tesla is looking to upgrade, it appears, as Tesla hacker greentheonly has spotted a new sensor model in its firmware code, with the model number IMX00N being explicitly mentioned:
Looks like Tesla is changing (upgrading?) cameras in (some?) new cars produced.
Where as HW4 to date used exterior cameras with IMX963, now they (might potentially) have something called IMX00N— green (@greentheonly) December 1, 2025
Sony has not announced any formal specifications for the IMX00N model, and although IMX963 has been used in AI4/HW4 vehicles, it only makes sense that Tesla would prepare to upgrade these external cameras once again in preparation for what it believes to be the second hardware iteration capable of fully autonomous self-driving.
Tesla has maintained that AI4/HW4 vehicles are capable of self-driving operation, but AI5 will likely help the company make significant strides, especially in terms of overall performance and data collection.
Tesla last updated its exterior cameras on its vehicles back in early 2023, as it transitioned to the 5-megapixel IMX963. It also added additional cameras to its vehicles in January with the new Model Y, which featured an additional lens on the front bumper to help with Full Self-Driving.
Tesla’s new self-driving computer (HW4): more cameras, radar, and more
Tesla sees sharp November rebound in China as Model Y demand surges
Tesla bear gets blunt with beliefs over company valuation
