News
Tesla updates Model S, X: 370-mi range, faster charging, adaptive suspension
Rumors that a Tesla Model S and Model X refresh was arriving this year have been partially confirmed, with the electric carmaker announcing Tuesday afternoon that its flagship vehicles have been updated to use a completely new and highly-efficient drivetrain design, along with a new adaptive suspension.
Model S Long Range will have an industry leading 370-mile range per single charge, while Model X will boast a 325-mile range per charge. Tesla notes that the range increase is due in large part to a new drive unit design that leverages an optimized permanent magnet motor, improved cooling, bearings, and new gear design to achieve greater than 93% efficiency. The end result is improved range from the same battery cells that are currently being used in the Model S and Model X 100 kWh pack.
By improving drivetrain efficiency, Tesla has been able to effectively increase range by more than 10%. By improving the flow of energy out of the battery and back in through regenerative braking, Tesla was also able to further improve acceleration in the Model S and Model X.
“In addition to adding range, power and torque increases significantly across all Model S and Model X variants, improving 0-60 mph times for our Long Range and Standard Range models,” notes Tesla in its blog post.
In addition, Model S and Model X is now capable of recharging at a 50% faster rate from the help of new updates, including the more efficient drivetrain design. Similar to Tesla Model 3’s ability to charge at 1,000 miles per hour from Supercharger V3 when at a 250 kW max power output, Model S and Model X will be able to achieve 200 kW. It’s important to note that Tesla’s flagship vehicles will be able to charge at a faster rate from the same battery pack, while Model 3 utilizes a newer generation 2170 cylindrical cell with higher energy density than the Model S and Model X.
All Model S and Model X will now come with an upgraded air suspension system that uses software intelligence to adapt to various driving and road conditions.
“Unlike other manufacturers, our suspension software is developed completely in-house, using a predictive model to anticipate how the damping will need to be adjusted based on the road, speed, and other vehicle and driver inputs,” says Tesla, adding “The system constantly adapts by sensing the road and adjusting for driver behavior, automatically softening for more pronounced road inputs and firming for aggressive driving.”
In line with Tesla’s ability to constantly add new features to a vehicle and improve its performance through over the air software updates, Tesla’s new Fully Adaptive Suspension will continuously improve over time as new software is rolled out.
For performance enthusiast who’s an existing Model S or Model X owner, Tesla will be offering the $20k Ludicrous Mode upgrade for free on the purchase of a new Performance Model S or Performance Model X.
Details of the latest Model S and Model X update, including the addition of a Standard Range variant can be found in Tesla’s blog post. We’ve included it in its entirety below.
The Longest-Range Electric Vehicle Now Goes Even Farther
For more than a decade, Tesla engineers have been obsessed with making the world’s most efficient electric vehicles. As a result, Tesla vehicles already travel farther on a single charge than any other production EV on the market. Today, we’re making changes to Model S and Model X that allow them to travel unprecedented distances without needing to recharge, beating our own record for the longest-range production EVs on the road. And we’ve accomplished this without increasing the cars’ battery size, proving that our expertise in system-level design can make our cars dramatically more efficient.
Beginning today, Model S and Model X now come with an all-new drivetrain design that increases each vehicle’s range substantially, achieving a landmark 370 miles and 325 miles on the EPA cycle for Model S and Model X Long Range, respectively. Using the same 100 kWh battery pack, these design and architecture updates will allow drivers to travel farther than ever before, charging less frequently and getting more range out of every dollar spent on charging.
We’re also introducing a brand-new adaptive suspension system for Model S and Model X, along with a few other improvements for the best range, acceleration, and ride comfort ever, plus a Ludicrous Mode upgrade for our most loyal customers. Here’s what’s new:
More Efficient Design
All Model S and X vehicles now benefit from Tesla’s latest generation of drive unit technology, which combines an optimized permanent magnet synchronous reluctance motor, silicon carbide power electronics, and improved lubrication, cooling, bearings, and gear designs to achieve greater than 93% efficiency. Pairing a permanent magnet motor in the front with an induction motor in the rear enables unparalleled range and performance at all times. The net effect is a more than 10% improvement in range, with efficiency improvements in both directions as energy flows out of the battery during acceleration and back into the battery through regenerative braking. In addition to adding range, power and torque increases significantly across all Model S and Model X variants, improving 0-60 mph times for our Long Range and Standard Range models.
Faster Charging
Paired with the new more efficient drivetrain design, Model S and Model X are now capable of achieving 200 kW on V3 Superchargers and 145 kW on V2 Superchargers. Together, these improvements enable our customers to recharge their miles 50% faster.
Fully Adaptive Suspension
We’ve also upgraded our air suspension system for Model S and Model X with fully-adaptive damping, giving it an ultra-cushioned feel when cruising on the highway or using Autopilot, and a responsive, exhilarating confidence during dynamic driving. Unlike other manufacturers, our suspension software is developed completely in-house, using a predictive model to anticipate how the damping will need to be adjusted based on the road, speed, and other vehicle and driver inputs. The system constantly adapts by sensing the road and adjusting for driver behavior, automatically softening for more pronounced road inputs and firming for aggressive driving. We’ve also improved the leveling of the system while cruising, keeping the car low to optimize aerodynamic drag. As with all of Tesla’s in-house software, the adaptive suspension can receive over-the-air updates, allowing us to enable all Model S and Model X customers to have the most advanced suspension technology at all times.
Constant Refinement
To complement these changes, we’ve also re-engineered several other components of Model S and Model X in keeping with our philosophy of continuous improvement. These updates include new wheel bearings and a few new tire designs for certain variants to improve range, ride, and steering. While these changes may seem minor, together they have a meaningful impact when it comes to EV design.
In addition to our Long Range and Performance variants, we’re also re-introducing a lower entry price for Model S and Model X by bringing back our Standard Range option, now available for an even greater value with the new drivetrain and suspension updates. We also want to emphasize the critical impact each of our early Tesla owners has had on advancing our mission, so as a thank you, all existing Model S and Model X owners who wish to purchase a new Model S or Model X Performance car will get the Ludicrous Mode upgrade, a $20,000 value, at no additional charge.
These changes will go into production at our factory in Fremont, California this week, and can be ordered today at Tesla.com.
Elon Musk
Tesla Earnings: financial expectations and what we should to hear about
In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects.
Tesla (NASDAQ: TSLA) will report its earnings for the first quarter of 2026 this evening after the market closes, and analysts have already put out their expectations from a financial standpoint for the company’s first three months of the year.
Additionally, there will be plenty of things that will be discussed, including the recent expansion of the Robotaxi program, the Roadster unveiling, and Full Self-Driving (Supervised) approvals across the globe.
Financial Expectations
Wall Street consensus expectations put Tesla’s Earnings Per Share (EPS) at $0.36, while revenues are expected to come in around $22.35 billion.
This would compare to an EPS of $0.27 and $19.34 billion compared to Tesla’s Q1 2025. Last quarter, EPS came in at $0.50 on $29.4 billion of revenue.
Tesla beat analyst expectations last quarter, but the next trading day, the stock fell nearly 3.5 percent. We never quite can gauge how the market will respond to Tesla’s earnings; we’ve seen shares rise on a miss and fall on a beat.
It really goes on the news, and investor consensus, it seems.
What to Expect
In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects. Right now, the big focus of investors is the Robotaxi program, the Roadster unveiling, and what the outlook for Full Self-Driving’s expansion throughout Europe and the rest of the world looks like.
Robotaxi
Tesla just recently expanded its unsupervised Robotaxi program to Dallas and Houston, joining Austin as the first cities in the U.S. to have access to the company’s ride-hailing suite.
Tesla expands Unsupervised Robotaxi service to two new cities
Some saw this move as a quick effort to turn attention away from a delivery miss and an anticipated miss on earnings. However, we’ve seen Tesla be more than deliberate with its expansion of the Robotaxi suite, so it’s hard to believe the company would make this move if it were not truly ready to do so.
The company is also working to expand its U.S. ride-hailing service outside of Texas and California, and recently filed paperwork to build a Robotaxi-exclusive Supercharger stall.
Expansion is planned for Florida, Nevada, and Arizona at some point this year, with more states to follow.
Roadster Unveiling
The Roadster unveiling was slated for April 1, and then pushed back (once again) to “probably late April,” according to Elon Musk.
It does not appear that the Roadster unveiling will happen within that time frame, at least not to our knowledge. Nobody has received media or press invites for a Roadster unveiling, and given the lofty expectations set for the vehicle by Musk and Co., it seems like something they’d want to show off to the public.
The Roadster has become a truly frustrating project for Tesla and its fans; evidently, there is something that is not up to the expectations Musk and others have. Meanwhile, fans are essentially waiting for something that is six years late.
At this point, also given the company’s focus on autonomy, it almost seems more worth it to just cancel it, remove any and all timelines and expectations, and surprise people with something crazy down the line, maybe in two or three years. There should be no talk of it.
Full Self-Driving Global Expansion
We expect Musk and Co. to shed some details on where it stands with other European government bodies, as it recently was able to roll out FSD (Supervised) to customers in the Netherlands.
Spain is also working with Tesla to assess FSD’s viability as a publicly available option for owners.
With that being said, there should be some additional information for investors as they listen to the call; no talk of it would be a pretty big letdown.
Optimus
There will likely be a date set for the Gen 3 Optimus unveiling, and we’re hopeful Tesla can keep that date set in stone and meet it. Not reaching timelines is a relatively minor issue, but a company can only do this for so long before its fans and investors start to lose trust and disregard any talk about dates.
It seems this is happening already.
Optimus has been pegged as Tesla’s big money maker for the future. The goals and expectations are high, but it is a privilege to have that sort of pressure when investors know the company’s capability.
News
Tesla just unlocked sales to 50,000+ government agencies
It marks a significant step in expanding Tesla’s presence in the public sector, where procurement processes have traditionally slowed electric vehicle adoption.
Tesla just unlocked sales to over 50,000 government agencies by entering a new agreement with Sourcewell, a purchasing cooperative.
Tesla entered a new master purchasing agreement with Sourcewell, the largest government purchasing cooperative in the U.S. This will enable streamlined sales of its EVs to more than 50,000 U.S. public entities. Tesla entered Designated Contract 0813525-TES, and the agreement covers Model 3, Model Y, and Cybertruck, and potentially other vehicles the company could release.
It marks a significant step in expanding Tesla’s presence in the public sector, where procurement processes have traditionally slowed electric vehicle adoption.
The deal allows eligible agencies, including cities, school districts, state governments, and higher-education institutions, to purchase Tesla vehicles directly through Sourcewell without conducting their own lengthy competitive bidding or request-for-proposal (RFP) processes.
Pricing is pre-negotiated and capped, providing transparency and predictability. Agencies simply register for a Sourcewell account online or by phone and place orders under the existing contract. This cooperative model aggregates demand across thousands of members, reducing administrative costs and time while ensuring compliance with public procurement rules.
For Tesla, the agreement removes major barriers to government fleet sales. Public-sector procurement cycles often stretch 12 to 18 months due to bidding requirements and committee reviews.
Tesla buyers in the U.S. military can get $1,000 off Cybertruck purchases
By securing the master contract, Tesla gains immediate, simplified access to a massive customer base that previously faced friction in adopting EVs. The company highlighted in its announcement that the partnership will help these 50,000-plus agencies “save thousands of $$$ in operating costs for their vehicle fleet over time” through lower maintenance, energy efficiency, and the elimination of tailpipe emissions.
The initial four-year term runs through November 13, 2029, with options for up to three one-year extensions, offering long-term stability for both parties.
Sourcewell’s role is central to execution. As a cooperative purchasing organization, it negotiates and manages vendor contracts on behalf of its members, then makes them available nationwide. Participating entities contact Tesla’s dedicated fleet team or Sourcewell representatives to complete purchases, bypassing redundant paperwork.
This structure accelerates fleet electrification while maintaining fiscal accountability—agencies receive pre-vetted pricing and terms without reinventing the wheel for each vehicle order.
The partnership positions Tesla to capture a larger share of the public fleet market, where total cost of ownership often favors electric vehicles once procurement hurdles are removed.
For government buyers, it translates to faster deployment of sustainable fleets, reduced long-term expenses, and alignment with environmental mandates. As more agencies transition, the contract could contribute to broader EV infrastructure growth and taxpayer savings across the country.
Elon Musk
How much of SpaceX will Elon Musk own after IPO will surprise you
SpaceX’s IPO filing confirms Musk will maintain his voting power to make key decisions for the company.
Elon Musk will retain dominant voting control of SpaceX after it goes public, according to the company’s IPO prospectus that was filed with the SEC. The filing reveals a dual-class equity structure giving Class B shareholders 10 votes each, concentrating power with Musk and a handful of other insiders, while Class A shares sold to public investors carry one vote.
Musk holds approximately 42% of SpaceX’s equity and controls roughly 79% of its votes through super-voting shares. He will simultaneously serve as CEO, CTO, and chairman of the nine-member board after the listing. Beyond that, the filing includes provisions that may limit shareholders’ influence over board elections and legal actions, forcing disputes into arbitration and restricting where they can be brought.
The case for Musk holding this level of control is grounded in SpaceX’s actual history. The company’s most important bets, from reusable rockets to a global satellite internet constellation, were decisions that ran against conventional aerospace thinking and would likely have faced resistance from a board accountable to investor gains. Fully reusable rockets were considered economically irrational by established industry players for years. Starlink, which now generates over $4 billion in annual operating profit, was widely dismissed as financially unviable when it was proposed. The argument for concentrated founder control seems straightforward, and the decisions that built SpaceX into what it is today required someone willing to ignore consensus and absorb years of losses.
SpaceX files confidentially for IPO that will rewrite the record books
For context, Musk’s position is significantly more dominant than Zuckerberg’s at Meta. The comparison with Tesla is also worth noting. When Tesla did its IPO in 2010, it did not issue dual-class shares. Musk has only recently pushed for enhanced voting protection, proposing at least 25% control at Tesla in 2024 after selling shares to fund his Twitter acquisition left him with around 13%.
SpaceX has clearly learned from that experience and structured the IPO differently by planning to allocate up to 30% of shares to retail investors, roughly three times the typical norm for a large offering. The roadshow is expected to begin the week of June 8, with a Nasdaq listing rumored to be a $1.75 trillion valuation and a $75 billion raise.
Tesla Earnings: financial expectations and what we should to hear about
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