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Tesla Model S dominates in extreme cold-weather testing in Norway

Credit: Tesla

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The Tesla Model S recently dominated an extreme cold-weather testing study performed by Norweigan outlet Motor, accumulating 530 kilometers (329.327 miles) in some of the harshest Winter conditions available.

Of the twenty-nine electric vehicles tested during the assessment, the Model S was the only vehicle to achieve at least 450 kilometers of real-world driving range in frigid temperatures and snowy terrain.

The study utilized a variety of EVs from several different manufacturers. Tesla Model S “Standard,” Model X Plaid, and Model Y Rear-Wheel-Drive vehicles participated in the study, with Mercedes EQE 300, BMW i7, Volkswagen’s ID.5 and ID.BUZZ also taking part.

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The publication broke down how it tests vehicles to maintain a fair and equal opportunity for desirable results. The test is performed every six months, winter and summer, following the same route:

“A loop through Oslo, up Rv4 to Gjøvik, from there E6 up to Hjerkinn, then east and around Rondane over Venabygdsfjellet, down to Ringebu and up E6 again.”

ev testing winter norway map

Credit: Motor

The cars are driven at the speed limit until their charge is depleted, and no driver support systems, such as cruise control, are permitted during the test.

Impressive in its own right, the Model S achieved a massive 530 kilometers of range on a single charge. Despite only being charged 98 percent “due to a technical problem,” the Model S Dual Motor All-Wheel Drive didn’t have a very close competitor. In fact, the vehicle that came closest was the Tesla Model X Plaid, which achieved 444 kilometers (275.889 miles). Right behind it were the BMW i4 and NINE ET7, which both achieved 434 kilometers before depleting their travel distance.

The Model S also had one of the lowest deviations from its WLTP range ratings, coming in at 16.40 percent. Of the top ten performing vehicles, the Model S had the lowest, with the Model X coming in second with 18.23 percent.

Model WLTP range Achieved range Percentage deviation, range
Tesla Model S Standard 634 530 -16.40%
Mercedes EQE 300 614 409 -33.39%
BMW i7 xDrive60 595 424 -28.74%
NINE ET7 580 434 -25.17%
BMW i4 eDrive40 565 434 -23.19%
Tesla Model X Plaid 543 444 -18.23%
Nissan Ariya 2WD 533 400 -24.95%
Volkswagen ID.5 Pro 526 378 -28.14%
Bid Han 521 406 -22.07%
Hongqi E-HS9 prototype 120 kWt 515 389 -24.47%

Tesla has battled range loss in colder climates with a variety of techniques, including the most notable, which is the heat pump.

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After including the heat pump on the Model Y, Tesla eventually implemented it on its three other vehicles, with the Model S and Model X receiving the addition with its Refreshed cars in 2021.

Elon Musk once said the heat pump was “some of the best engineering I’ve seen in a while.” It was developed by Joseph Mardall and other members of the Tesla engineering team. Mardall left Tesla in early 2021 to join Zipline, a robotics and autonomy-focused logistics company.

Another fun fact: the Model S beat the record set by the 2021 Tesla Model 3 Dual Motor Long Range, which made it 521 kilometers (323.734 miles).

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Investor's Corner

Barclays lifts Tesla price target ahead of Q3 earnings amid AI momentum

Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an “Equal Weight” rating for the EV maker.

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Credit: Tesla China

Barclays has raised its price target for Tesla stock (NASDAQ: TSLA), with the firm’s analysts stating that the electric vehicle maker is approaching its Q3 earnings with two contrasting “stories.” 

Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an “Equal Weight” rating for the EV maker.

Tesla’s AI and autonomy narrative

Levy told investors that Tesla’s “accelerating autonomous and AI narrative,” amplified by CEO Elon Musk’s proposed compensation package, is energizing market sentiment. The analyst stated that expectations for a Q3 earnings-per-share beat are supported by improved vehicle delivery volumes and stronger-than-expected gross margins, as noted in a TipRanks report.

Tesla has been increasingly positioning itself as an AI-driven company, with Elon Musk frequently emphasizing the long-term potential of its Full Self-Driving (FSD) software and products like Optimus, both of which are heavily driven by AI. The company’s AI focus has also drawn the support of key companies like Nvidia, one of the world’s largest companies today.

Still cautious on TSLA

Despite bullish AI sentiments, Barclays maintained its caution on Tesla’s underlying business metrics. Levy described the firm’s stance as “leaning neutral to slightly negative” heading into the Q3 earnings call, citing concerns about near-term fundamentals of the electric vehicle maker.

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Barclays is not the only firm that has expressed its concerns about TSLA stock recently. As per previous reports, BNP Paribas Exane also shared an “Underperform” rating on the company due to its two biggest products, the Robotaxi and Optimus, still generating “zero sales today, yet inform ~75% of our ~$1.02 trillion price target.” BNP Paribas, however, also estimated that Tesla will have an estimated 525,000 active Robotaxis by 2030, 17 million cumulative Optimus robot deliveries by 2040, and more than 11 million FSD subscriptions by 2030.

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Investor's Corner

BNP Paribas Exane initiates Tesla coverage with “Underperform” rating

The firm’s projections for Tesla still include an estimated 525,000 active Robotaxis by 2030.

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Credit: Tesla China

Tesla (NASDAQ: TSLA) has received a bearish call from BNP Paribas Exane, which initiated coverage on the stock with an Underperform rating and a $307 price target, about 30% below current levels. 

The firm’s analysts argued that Tesla’s valuation is driven heavily by artificial intelligence ventures such as the Robotaxi and Optimus, which are both still not producing any sales today.

Tesla’s valuation

In its note, BNP Paribas Exane stated that Tesla’s two AI-led programs, the Robotaxi and Optimus robots, generate “zero sales today, yet inform ~75% of our ~$1.02 trillion price target.” The research firm’s model projected a maximum bull-case valuation of $2.7 trillion through 2040, but after discounting milestone probabilities, its base-case valuation remained at $1.02 trillion.

The analysts described their outlook as optimistic toward Tesla’s AI ventures but cautioned that the stock’s “unfavorable risk/reward is clear,” adding that consensus earnings expectations for 2026 remain too high. Tesla’s market cap currently stands around $1.44 trillion with a trailing twelve-month revenue of $92.7 billion, which BNP Paribas argued does not justify Tesla’s P/E ratio of 258.59, as noted in an Investing.com report.

Tesla and its peers

BNP Paribas Exane’s report also included a comparative study of the “Magnificent Seven,” finding Tesla’s current market valuation as rather aggressive. “Our unique comparative analysis of the ‘Mag 7’ reveals the extreme nature of TSLA’s valuation, as the market implicitly says TSLA’s 2035 earnings (~55% of which will be driven by Robotaxi & Optimus, w/ zero sales now) have the same level of risk & value-appropriation as the ‘Mag 6’s’ 2026 earnings,” the firm noted.

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The firm’s projections for Tesla include an estimated 525,000 active Robotaxis by 2030, 17 million cumulative Optimus robot deliveries by 2040 priced above $20,000 each, and more than 11 million Full Self-Driving subscriptions by 2030. Interestingly enough, these seem to be rather optimistic projections for one of the electric vehicle maker’s more bearish estimates today.

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Tesla FSD’s new Mad Max mode is getting rave reviews from users

It does appear that Mad Max mode is destined to be one of the system’s biggest steps forward to date.

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Credit: Whole Mars Catalog/X

Tesla’s release notes for the newly released Mad Max mode for FSD (Supervised) V14.1.2 simply stated that the feature “comes with higher speeds and more frequent lane changes than Hurry.” But as per videos that have been posted online by FSD users who have tested the system, it does appear that Mad Max mode is destined to be one of the system’s biggest steps forward to date. 

It is then no surprise that the new capability is getting rave reviews from Tesla owners. 

Impressive tests

A look at posts on social media platform X would show that, similar to past FSD releases, numerous Tesla content creators immediately tested Mad Max mode on real-world streets after it was downloaded onto their vehicle. Considering that the update was released rather late, the first tests of Mad Max mode were done at night. Despite this, it was evident that Tesla worked very hard to make Mad Max mode into something that is very useful in real-world scenarios.

This could be seen in videos from longtime Tesla owner @BLKMDL3, who observed that Max Max mode was “amazing” and like “perfect for LA traffic” due to its cautious but assertive nature. Later on, the Tesla owner noted that after eight drives, it was evident that FSD (Supervised) V14.1.2 was impressive. 

Assertive but safe

Other testers such as Model Y owner Sawyer Merritt noted that Mad Max mode drives very quickly and confidently, with smoother acceleration that is still very safe. These were echoed by another longtime FSD tester, Dirty Tesla, who noted that Mad Max mode seems to be designed for heavy, aggressive traffic so users could fit in better. The FSD user did, however, observe that Mad Max mode does speed up a lot on open roads. 

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Recent comments from Tesla AI Head Ashok Elluswamy have indicated that Mad Max mode was created to be a solution for daytime congested traffic, which is arguably one of the most soul-crushing experiences that drivers deal with on a daily basis. With this in mind, it does appear that FSD (Supervised) V14.1.2 could prove to be a notable step forward in Tesla’s push towards true autonomous driving.

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