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Tesla Model 3 test drives in Shenzhen paused after customer crashes first unit

(Photo: 新出行小编/Weibo)

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Tesla set out to remove the perception that electric cars are slow, boring vehicles which are no more special than glorified golf carts. The company accomplished their goal with the original Tesla Roadster, the Model S, Model X, and now, the Model 3. While Tesla’s electric cars are proven to be quick on their feet, there is one particular fact that usually gets overlooked — it takes a responsible and proficient driver to handle the power provided by the company’s vehicles.

This point was highlighted recently in Shenzen, China. Tesla is expected to begin deliveries of the Model 3 in the Asian country, and to help prepare reservation holders and potential customers for the sedan’s arrival; the electric car maker has started a test drive program for the vehicle. Just as planned by Elon Musk for the United States, the test drive units that were initially sent to China were Model 3 Performance, the top tier variant of the electric sedan that is known for being very quick, whether in straight-line acceleration or around a track. Unfortunately, one test driver in Shenzen, China proved to be unprepared for the power of the Model 3 Performance.  

As shared by Tesla owner-enthusiast JayinShanghai on Twitter, the Model 3 test driver ended up crashing the electric sedan. An image of the vehicle, as well as a short clip of the electric car after the accident, showed the extensive damage to the front of the car. While Tesla has not revealed the specifics of the incident, the damage incurred by the Model 3 Performance suggests that the vehicle might have crashed into a pole.

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Due to the crash, Model 3 test drives in Shenzen were promptly stopped, at least until another test unit could be shipped to the area. Fortunately, the wait for another Model 3 test drive car was short. As shared by  Tesla enthusiast Kelvin Yang on Twitter, reports have emerged stating that another Model 3 Performance has been shipped to Shenzen as a replacement for the crashed test drive unit. Unlike the red sedan that was damaged from the incident, Shenzen’s new Model 3 Performance test drive car is painted black and equipped with 19″ Power Sports Wheels.

Seemingly without missing a beat, Tesla has reportedly started taking appointments for test drives in the new vehicle. In a later update, Yang noted that the new Model 3 test drive car is already fully booked, with interested customers being required to wait an average of more than two hours for their turn.

Tesla’s rapid response to its damaged Model 3 test drive unit in Shenzen is impressive. Considering that deliveries in the country are yet to begin, the company showed a considerable amount of proficiency with its logistics by shipping another test drive unit to the city immediately following the first vehicle’s crash. This, if any, bodes well for the upcoming Model 3 deliveries in the region.

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Unlike the Tesla Model S P100D and the Model X P100D, the Model 3 Performance is not equipped with a dedicated feature that optimizes it for straight-line acceleration. Instead, the Model 3’s top variant utilizes the raw power of its dual electric motors, which produce a combined 450 hp and 471 lb-ft of torque. The Model 3 Performance lives up to its moniker, with its 0-60 mph time of 3.3 seconds, its top speed of 155 mph, and its range of 310 miles per charge. The car is also equipped with a Track Mode feature, which optimizes the vehicle for intensive driving around a racetrack.

Watch the aftermath of Shenzen’s Model 3 Performance test drive unit’s crash in the video below.

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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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xAI targets $5 billion debt offering to fuel company goals

Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.

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(Credit: xAI)

xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.

Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.

According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.

Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.

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Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.

As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.

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SpaceX to debut new Dragon capsule in Axiom Space launch

Ax-4’s launch marks the debut of SpaceX’s latest Crew Dragon and pushes Axiom closer to building its own space station.

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(Credit: SpaceX)

Axiom Space’s Ax-4 mission targets the International Space Station (ISS) with a new SpaceX Crew Dragon capsule.

The Axiom team will launch a new SpaceX Dragon capsule atop a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Wednesday at 8:00 a.m. EDT (1200 GMT). The Ax-4 mission launch was initially set for Tuesday, June 10, but was delayed by one day due to expected high winds.

As Axiom Space’s fourth crewed mission to the ISS, Ax-4 marks the debut of an updated SpaceX Crew Dragon capsule. “This is the first flight for this Dragon capsule, and it’s carrying an international crew—a perfect debut. We’ve upgraded storage, propulsion components, and the seat lash design for improved reliability and reuse,” said William Gerstenmaier, SpaceX’s vice president of build and flight reliability.

Axiom Space is a Houston-based private space infrastructure company. It has been launching private astronauts to the ISS for research and training since 2022, building expertise for its future station. With NASA planning to decommission the ISS by 2030, Axiom has laid the groundwork for the Axiom Station, the world’s first commercial space station. The company has already begun construction on its ISS replacement.

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The Ax-4 mission’s research, spanning biological, life, and material sciences and Earth observation, will support this ambitious goal. Contributions from 31 countries underscore the mission’s global scope. The four-person crew will launch from Launch Complex 39A, embarking on a 14-day mission to conduct approximately 60 scientific studies.

“The AX-4 crew represents the very best of international collaboration, dedication, and human potential. Over the past 10 months, these astronauts have trained with focus and determination, each of them exceeding the required thresholds to ensure mission safety, scientific rigor, and operational excellence,” said Allen Flynt, Axiom Space’s chief of mission services.

The Ax-4 mission highlights Axiom’s commitment to advancing commercial space exploration. By leveraging SpaceX’s Dragon capsule and conducting diverse scientific experiments, Axiom is paving the way for its Axiom Station. This mission not only strengthens international collaborations but also positions Axiom as a leader in the evolving landscape of private space infrastructure.

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Tesla named official AV operator in Austin ahead of robotaxi launch

Tesla robotaxis could begin operating around Austin any day now, as echoed by an update to the city’s website.

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Just as Tesla prepares to launch its own commercial robotaxi services in Austin, Texas this month, the company has now appeared on the state’s website as an official operator of autonomous vehicles (AVs).

As of Monday, Tesla has been listed as an AV operator on Austin’s official Department of Motor Vehicles (DMV) site, ahead of the company’s expected launch of the long-awaited service sometime this month. The news, which X user Tesla Yoda first spotted, precedes some reports suggesting the robotaxi service could launch in the coming days, and it comes as the city becomes an increasingly competitive stomping ground for the emerging technology.

Although Tesla has been included on the list, the website says that Tesla is still in the testing phase, alongside most of the other AV operators in the city. At this time, Alphabet-owned robotaxi company Waymo is the only operator listed as being in the deployment phase, while Hyundai-owned company Motional is listed as being in the mapping phase.

Tesla is set to initially deploy the service as a limited pilot program using the company’s existing Model Y vehicles, and it will start by testing them in the safest areas of the city within geo-mapped boundaries as extra safety precautions upon launch.

Below you can see the full list of AV operators on the Austin DMV website at the time of writing, including both the Alphabet-owned Waymo and the Amazon-run Zoox.

Current list of AV operators in Austin

  • ADMT
    • Phase: testing
    • Parent company: VW
  • AVRide
    • Phase: testing
    • Parent company: AVRide Inc
  • Motional
    • Phase: mapping
    • Parent company: Hyundai
  • Waymo
    • Phase: deployment
    • Parent company: Alphabet (Google)
  • Tesla
    • Phase: testing
    • Parent company: Tesla
  • Zoox
    • Phase: testing
    • Parent company: Amazon

READ MORE ON AUTONOMOUS VEHICLES: Elon Musk just revealed more about Tesla’s June Robotaxi launch

Tesla’s Austin robotaxi launch, Full Self-Driving, and other AV companies

The news follows a report from Bloomberg a few weeks ago saying that Tesla was considering a launch date of June 12 for the service, though the validity of that report is still unclear. Additionally, Tesla could still change its plans on a launch date, though the company’s inclusion on the Austin DMV AV operators list appears to be a good sign either way.

The company has also been running internal pilot programs for the robotaxi service in Austin and around the Bay Area, California, with around 300 test operators operating the vehicles in the Texas city since at least April. Last fall, CEO Elon Musk also said that employees had already been piloting a ride-hailing program around the Bay.

Tesla has long touted its Full Self-Driving (FSD) program as the solution to autonomy, with the system utilizing cameras and real-time driver footage to train its AI neural network on how to drive. By comparison, most other companies utilize cameras and radar systems together, while relying on geo-mapped systems to determine where the robotaxi can operate.

Waymo launched driverless ride-hailing services in Austin through a partnership with Uber, though the company has also been running paid robotaxi rides in various parts of California since last year through its Waymo One app. Other companies such as the Amazon-owned firm Zoox and the Hyundai-led company Motional are also preparing to deploy services in Austin and other U.S. cities.

Tesla’s ‘Project Alicorn’ and what it means for the Robotaxi platform

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