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Tesla Model 3 grabs UK Car of the Year Award for 2020

Tesla Model 3 UK Car Of The Year 2020 (Source: UKCOTY Awards)

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The Tesla Model 3 grabbed the UK Car of the Year 2020 award after bagging the Best Executive vehicle category in February.

The Model 3 victory registered a back-to-back win for electric vehicles following Jaguar I-PACE’s win last year. It is also quite an achievement for a young manufacturer such as Tesla that snatched its first-ever win in the UKCOTY Awards.

“Game-changer is an often-overused phrase, but the Tesla Model 3 has shaken up the executive segment and got many brands thinking. Electric vehicles attract a broad spectrum of opinions, but it’s clear that with its technology, performance and range, the Model 3 is converting a lot of people,” said director of the UK Car of the Year Awards John Challen.

The panel of journalist judges consists of 29 respected individuals in the automotive field.

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“Clean, crisp and technological inside, the Model 3 drives and performs like we think EVs should. Makes others in the sector feel stuffy and awkward,” said Tom Ford of Top Gear.

Other judges were all praises for the mass-produced electric sedan. Chris Knapman of CarGurus did not only gave his nod for the Model 3 being packed with features but for its “exciting ownership experience” as well. Paul Berker of Company Car Today and freelancer Guy Bird were in agreement that the electric sedan deserved the win for how it shakes the segment with its desirability and affordability.

The Tesla Model 3 bested eight other champions in different categories to win the overall title:

Best Supermini – Renault Clio

Best Small Hatch – Mazda3 

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Best Luxury – Bentley Flying Spur

Best Estate – BMW 3 Series

Best Crossover – Kia e-Niro

Best Premium Crossover – Range Rover Evoque

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Best Cabriolet – Porsche 911

Best Performance – Porsche Taycan

“A huge thank you to all the UK Car of the Year judges for choosing Model 3 as well as all of our UK owners. We are proud of what this car has achieved so far and with the upcoming 0% company car tax there is an exciting year ahead for EVs in the UK,” Tesla UK stated upon receiving its award at the Car of the Year 2020 event.

It is also nice to take note that three of the nine champions in their respective categories were all-electric vehicles, proving that the quality and performance of EVs is not only nearing, but exceeding that of internal combustion cars. The Kia e-Niro grabbed the second place while the Porsche Taycan finished third together with the BMW 3 Series.

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The UKCOTY Awards is an independent set of awards that put a spotlight on the best new cars in the UK market.

The Tesla Model 3 has won numerous awards in the past year or so. It took the “Car Of The Year” award from UK’s Parker’s Car Guides and was also named best electric car, best company car, and vehicle with best safety by the same publication. Meanwhile, Motortrend shortlisted the Tesla Model 3 as one of the three finalists for its 2020 Car of The Year award while also naming it as the best sports sedan on the market.

The Model 3 is also the only American-made car in Consumer Reports’ Top Picks of 2020.

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A curious soul who keeps wondering how Elon Musk, Tesla, electric cars, and clean energy technologies will shape the future, or do we really need to escape to Mars.

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Tesla Cybercab launch is imminent after latest sighting at Giga Texas

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Credit: Joe Tegtmeyer | X

Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.

The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.

Today, things were a bit different.

Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.

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Giga Texas drone operator Joe Tegtmeyer noticed the change today:

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Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.

The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.

Tesla Cybercab specs revealed: range, curb weight, range ratings, and more

The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.

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It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:

Tesla’s Robotaxi dreams just took a massive step toward reality

We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.

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Elon Musk says this part of Tesla ‘makes no sense’

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Justin Pacheco, Public domain, via Wikimedia Commons

Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.

SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.

These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.

Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.

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Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.

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Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.

Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook

However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.

Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.

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Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.

The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.

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Tesla Full Self-Driving faces major pushback in Europe

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Credit: Tesla

A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.

The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.

TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.

Tesla Full Self-Driving gets first-ever European approval

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Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.

Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.

TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of ​vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.

This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.

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This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.

However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.

Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.

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