The new Model S from Tesla has landed in Lake Tahoe, California, for more winter testing ahead of initial deliveries that could begin as soon as April.
After making relatively minor updates to the Model S from 2012 on, rumors of a Refresh sparked after Tesla shutdown Model S and Model X production lines in late 2020. After tons of speculation, Tesla confirmed its new Model S builds by releasing photographs of the revisions with its Q4 2020 Earnings Call Update Letter. With a slightly modified exterior design, Tesla focused most of its revisions on the interior, changing everything from screen orientation to the HVAC system.
Since the release of the photos, the Refresh has been spotted several times. The first photographs of the Model S Refresh were obtained by Teslarati through The Kilowatts, revealing a slightly-wider body with new additions to improve aerodynamic performance. Interior photos came much later, but Tesla surely came through with its visions for the new Model S.
Now, Tesla is performing more winter testing with the new Model S. In February, the car was spotted in Toledo, Ohio, for winter testing. Tesla later teased the Model S Plaid’s winter testing sequences in a quick video clip that showed the all-electric flagship sedan ripping through the cold tundra.
Photos of the new Model S were spotted by Reddit user u/Oyinko, who took several photographs of the exterior and interior of the refreshed sedan from several angles.
-
- Credit: Reddit u/Oyinko
-
- Credit: Reddit u/Oyinko
-
- Credit: Reddit u/Oyinko
-
- Credit: Reddit u/Oyinko
-
- Credit: Reddit u/Oyinko
Interestingly, this Model S shows a round steering wheel, which hints that this is not a Plaid variant. Some pre-orderers of the Model S Refresh have told Teslarati that the Yoke Steering Wheel is reserved for Plaid and Plaid+ variants exclusively.
While the car’s exterior remained mostly the same as the previous builds, there were some minor changes. A rear diffuser is now placed under the body to increase aerodynamic performance by displacing air during travel. The front fascia also has slight revisions, and a new, larger central air intake vent helps improved airflow and battery pack ventilation. This could ultimately lead to longer battery life and performance.
The major updates came with the interior of the car, however. A new horizontal center screen dominates the front display, while a revised steering wheel design with buttons was also added. Tesla even added a new rear screen for those sitting in the back seat. The 8-inch display will provide entertainment for the rear passengers, offering them an opportunity to partake in all the fun that comes with riding in a Tesla.
Tesla Model S and Model X refresh gaming, infotainment system GPU details leaked
Deliveries of the Model S Refresh were expected to begin in February. However, some delays have stopped Tesla from getting the vehicles to owners in that timeframe. However, Elon Musk recently told us that there were a few details to iron out within the Refreshed Model S design and that deliveries would begin soon. “There’s nothing else even close,” Musk said.
Still many fine details to address, but the final product will be fantastic. There’s nothing else even close.
— Elon Musk (@elonmusk) March 8, 2021
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
News
Tesla Model Y L is gaining momentum in China’s premium segment
This suggests that the addition of the Model Y L to Tesla China’s lineup will not result in a case of cannibalization, but a possible case of “premiumization” instead.
Tesla’s domestic sales in China held steady in November with around 73,000 units delivered, but a closer look at the Model Y L’s numbers hints at an emerging shift towards pricier variants that could very well be boosting average selling prices and margins.
This suggests that the addition of the Model Y L to Tesla China’s lineup will not result in a case of cannibalization, but a possible case of “premiumization” instead.
Tesla China’s November domestic numbers
Data from the a Passenger Car Association (CPCA) indicated that Tesla China saw domestic deliveries of about 73,000 vehicles in November 2025. This number included 34,000 standard Model Y units, 26,000 Model 3 units, and 13,000 Model Y L units, as per industry watchers.
This means that the Model Y L accounted for roughly 27% of Tesla China’s total Model Y sales, despite the variant carrying a ~28% premium over the base RWD Model Y that is estimated to have dominated last year’s mix.
As per industry watcher @TSLAFanMtl, this suggests that Tesla China’s sales have moved towards more premium variants this year. Thus, direct year-over-year sales comparisons might miss the bigger picture. This is true even for the regular Model Y, as another premium trim, the Long Range RWD variant, was also added to the lineup this 2025.
November 2025 momentum
While Tesla China’s overall sales this year have seen challenges, the Model Y and Model 3 have remained strong sellers in the country. This is especially impressive as the Model Y and Model 3 are premium-priced vehicles, and they compete in the world’s most competitive electric vehicle market. Tesla China is also yet to roll out the latest capabilities of FSD in China, which means that its vehicles in the country could not tap into their latest capabilities yet.
Aggregated results from November suggest that the Tesla Model Y took the crown as China’s #1 best-selling SUV during the month, with roughly 34,000 deliveries. With the Model Y L, this number is even higher. The Tesla Model 3 also had a stellar month, seeing 25,700 deliveries during November 2025.
Cybertruck
Tesla Cybertruck earns IIHS Top Safety Pick+ award
To commemorate the accolade, the official Cybertruck account celebrated the milestone on X.
The Tesla Cybertruck has achieved the Insurance Institute for Highway Safety’s (IIHS) highest honor, earning a Top Safety Pick+ rating for 2025 models built after April 2025.
The full-size electric pickup truck’s safety rating is partly due to the vehicle’s strong performance in updated crash tests, superior front crash prevention, and effective headlights, among other factors. To commemorate the accolade, the official Cybertruck account celebrated the milestone on X.
Cybertruck’s IIHS rating
As per the IIHS, beginning with 2025 Cybertruck models built after April 2025, changes were made to the front underbody structure and footwell to improve occupant safety in driver-side and passenger-side small overlap front crashes. The moderate overlap front test earned a good rating, and the updated side impact test also received stellar marks.
The Cybertruck’s front crash prevention earned a good rating in pedestrian scenarios, with the standard Collision Avoidance Assist avoiding collisions in day and night tests across child, adult crossing, and parallel paths. Headlights with high-beam assist compensated for limitations, contributing to the top award.
Safest and most autonomous pickup
The Cybertruck is one of only two full-size pickups to receive the IIHS’ Top Safety Pick + rating. It is also the only one equipped with advanced self-driving features via Tesla’s Full Self-Driving (Supervised) system. Thanks to FSD, the Cybertruck can navigate inner city streets and highways on its own with minimal supervision, adding a layer of safety beyond passive crash protection.
Community reactions poured in, with users praising the vehicle’s safety rating amidst skepticism from critics. Tesla itself highlighted this by starting its X post with a short clip of a Cybertruck critic who predicted that the vehicle will likely not pass safety tests. The only question now is, of course, if the vehicle’s Top Safety Pick+ rating from the IIHS will help the Cybertruck improve its sales.
Tesla gets bold Robotaxi prediction from Wall Street firm
Tesla Model Y L is gaining momentum in China’s premium segment
