News
Tesla Showdown: We got a Model 3 and compared it to a Model S [Video]
We’ve seen a handful of Tesla Model 3 review videos floating around — including an excellent hour-long, deep-dive into the car’s features by our friends at Model 3 Owners Club. That said, we just got a chance to conduct an in-depth evaluation of Model 3 for ourselves. It’s a fascinating car and in our view, will come to dominate the mid-sized sedan segment over the next few years.
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Above: Considering the differences between the two Tesla sedans (Photo: EVANNEX)
In some ways, Model 3 demonstrates how Tesla has elevated its interior design capabilities and improved the integration of features, functionality, and storage as the company moves forward. In other ways, Model 3 reinforces the contention that Model S remains Tesla’s flagship sedan. We think it’s worth comparing and contrasting the two Tesla sedans to better understand the differences between the cars.
Above: Examining a few of the subtle, and not-so-subtle similarities and differences between Tesla’s Model 3 and Model S (Youtube: EVANNEX)
We spent two full days with the Model 3, reviewing the interior and exterior in granular detail. We examined the car through the lens of five years (since 2012!) of Model S ownership. Sure, some Tesla owners (like us) are wondering how these siblings stack up against one another. But there are many others pondering the possibility of owning their first Tesla. The big question is… if you’re considering the purchase of a Tesla Model 3 or Tesla Model S, which one should you buy?
Interior
Let’s compare and contrast some of the interior features of Model 3 and Model S with particular emphasis on driving and vehicle control displays, HVAC capabilities, interior volume and storage, the front driver’s compartment, and the little things that add functionality to the interior.
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Above: A look inside the Tesla Model 3 interior (Photo: EVANNEX)
Driving and vehicle control displays. The Model S boasts two digital displays instead of one in the Model 3. The Model 3’s horizontal, center display is also smaller (15-inch) vs. a vertical, center display which is larger (17-inch) in the Model S. Because Model S retains an information display immediately in front of the driver, it provides somewhat more comprehensive information content. As an aside, the 15-inch landscape display in Model 3 appears to be larger than it is and provides a full range of driving and vehicle information at a glance.
HVAC. Model 3’s HVAC approach demonstrates a significant step forward for Tesla. Both the Model S and Model 3 HVAC approaches are functional and capable, but the Model 3 has a definite advantage in terms of directional control and aesthetics. In addition, its novel design is impressive.
Interior volume and storage. Because Model 3 is a mid-size sedan, it can’t compete with Model S in interior volume—an important factor for many owners. Overall, interior volume in the Model S is far superior to Model 3. You get 30 cubic feet in Model S vs. 15 cubic feet in Model 3. As important in our view, the Model S hatchback design has significant advantages over the Model 3 conventional trunk opening. The hatchback opening provides very easy placement of large objects. It should be noted that the Model 3 trunk, when coupled with second row fold-down seats, does offer the ability to carry long objects with relative ease. The Model S also has a power lift gate instead of the Model 3’s manual trunk. In addition, Model S has a larger frunk than Model 3.
Seating. Model S has seating for 5 adults + 2 children (with rear facing “jump” seats). Model 3 only has seating for 5 adults. That said, Model 3’s seat quality, design, and overall spaciousness of the cabin were comparable to Model S.
Driver visibility. The interior design of Model 3 is striking in the sense that it eliminates the binnacle that normally sits directly in front of the driver, replacing it with a 15-inch landscape center display. With the binnacle removed, the Model 3 dash is lowered, allowing a more complete view of the road immediately in front of the vehicle. The large expanse of glass above the driver provides the feeling of an aircraft cockpit.
Center console. Sitting in the driver side cockpit of Model 3, it becomes obvious that Tesla has improved its interior design chops. The center console for Model 3 (available with the premium option package) is well-designed and functional. It offers easy mobile device charging, dual USB ports along with a 12V port, and elegant storage, complemented by storage compartments in the doors.
Lack of buttons. For Model 3, just about everything except window and door opening is controlled via the landscape display. This level of software control is impressive, but we felt that there might be times when it would be easier to use an analog alternative for, say, the control of the side mirrors or glove box.
The little things. There are little things you’ll find in a Model 3 that are absent from the Model S — coats hooks, built-in rear seat armrest, small storage compartments, back-of-seat kangaroo pockets, etc. To be a bit self-serving for a moment, most of these items can be had (in the aftermarket) for Model S from EVANNEX.
Exterior
Moving to the exterior, it’s apparent that Model 3 has the same vehicle DNA as Model S, but like all siblings, there are visual (as well as characteristic) differences.
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Above: Tesla’s sleek design of its new Model 3 (Photo: EVANNEX)
Looks. The most obvious (in-person) differences are the shorter hood for Model 3, the noticeably narrower width of the vehicle, and smaller wheels. Because it is shorter and narrower, Model 3 has a less striking stance than Model S. Overall, the larger size of the Model S is more visually impressive. We think it’s fair to state that many Model 3 owners will remedy some of these issues in the aftermarket, but in the case of Tesla’s sedan siblings, size matters.
Sensor suite. Autopilot (and ultimately, autonomous driving capability) will be available for both Model S and Model 3. It appears that functionality and capabilities in this domain will be identical.
Door handles. We did have a few small quibbles with Model 3. The push-rotate-grab door handles of Model 3 achieve the required aerodynamic advantages for an electric vehicle, but they pale in comparison to the auto-present and retract door-handles for Model S. We felt that Model 3 handles weren’t as ergonomic, particularly if you’re carrying something as you get into the vehicle.
Wheels. The 18-inch Model 3 aero covers are a matter of personal taste, but the underlying wheel (rim) is a bit conventional in our view and doesn’t offer an aesthetic that Model 3 deserves. The 19-inch wheels (available as an option) are more interesting, but still a bit less luxe than Model S (19-inch and 21-inch) wheel options.
Driving
Performance. Before going any further, it’s important to note that we weren’t able to test drive the Model 3 during our recent evaluation. Last year, we did enjoy a test ride in the Model 3 prototype at Tesla’s launch event. At that time the ride of Model 3 felt like a Model S, but it didn’t have the explosive torque and power that Model S owners are accustomed to. If you’re looking for ludicrous 0-60 mph times (gulp, 2.28 seconds), the Model S is your car. On the other hand, the published findings of a number of different test drives indicate that drivability and overall performance of Model 3 are quite impressive for a car at its price point. To that end, Model 3 can race a respectable 0-60 mph in 5.1 – 5.6 seconds.
Range. Both Model S and Model 3 have plenty of range for road trips and access to Tesla’s vast Supercharger network. On the whole, depending on which variant you look at, Model S will provide more range (259 – 335 miles of range) than Model 3 (220 – 310 miles of range). Also, many Model S owners will be able to take advantage of free supercharging (with a referral) whereas Model 3 owners will not have access to that particular perk.
The Verdict
In reality, the Model 3 and Model S are different vehicles for different demographics. Both have the same vehicle DNA, both will turn heads, and both are the epitome of current automotive technology. It’s clear — you definitely want a Tesla. Which Tesla is right for you?
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Foreground: A new “refresh” Tesla Model S (left) across from a used “signature” Tesla Model S (right); Background: Tesla Model 3 (Photo: EVANNEX)
Although we were extremely impressed with the Model 3, if you’re considering a Tesla (and can afford it), we recommend going with Model S. On performance and premium feel, Model S wins going away. On exterior aesthetics, Model S provides a head-turning design that Model 3 can’t match. On (a few) interior design cues, it’s Model 3 by a nose. On interior space, seating, and storage volume, Model S triumphs. And if you consider availability, you can get your hands on a new or used Model S in a matter of weeks. Model 3 availability? That’s an entirely different discussion.
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Note: Article originally published on evannex.com, by Matt Pressman
Elon Musk
Tesla Optimus project fires up as Musk sees production line progress
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Investor's Corner
SpaceX gets initial stock coverage from Tesla’s biggest bull
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.



