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Tesla Model Y completes the equation for the average household

Tesla Model Y crossover (Credit: Tesla)

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Tesla Model Y’s performance and practicality will complete the equation for households in the US, China, and beyond.

In the United States, demand for crossovers has increased over the last two decades. Crossovers only accounted for about 4% of vehicle sales in 2000 and meteorically rose to roughly 40 percent of US sales in 2018. In China, the biggest automotive market in the world, the picture is basically the same as more people veer away from light vehicles and go for crossovers and SUVs. Tesla will answer the need of households for a vehicle that presents a good balance between a sedan and an SUV.

The Model Y makes sense for families looking for a bigger ride (but not as big as full-sized SUVs) that offers more space for people and cargo while not burning a big hole in one’s bank account. The Model Y is perfect for families leading an active lifestyle or for those looking for a second vehicle that complements their daily driver such as a Model 3. The Model Y is not just a chunkier Model 3. The electric crossover answers these needs of the average household and has the potential to become another cash cow for Tesla to help it achieve consistent profitability.

Tesla Model Y’s range and efficiency were highlighted during the Q4 2019 earnings call of the Silicon Valley-based electric carmaker.  CEO Elon Musk told the electric vehicle community that the Model Y now boasts the highest energy efficiency rating among electric SUVs at 4.1 miles per kWh and has an EPA rating of 315 miles on a single charge. Tesla has started limited volume production in January and expects to make first deliveries of the electric crossover on March 15.

“…make sure we get that production ramp going and reach volume production as soon as possible with Model Y. Yes, go as fast we can with Model Y and make sure it’s a great product. I think there are some things that will differentiate it. I think… when people do a teardown of the Model Y, I think they will be impressed about some of the things they see,” Musk said during the Q4 2019 earnings call.

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While a Model Y teardown is still a long shot, the latest sightings of the much-awaited electric crossover show why the vehicle can be a practical choice for people on the go or families with an active lifestyle.

Tesla Model Y Roof Rack

A Tesla Model Y with roof rack was recently spotted along the State Route 237 in Sunnyvale, California. The sighting gives Model Y fans a glimpse of how roof-mounted rails will look on the electric crossover.

The video posted by RKT on YouTube shows a roof rack that reminds one of the currently available Model 3 roof rack that can easily be installed by securing four mounting points on the all-glass roof of the vehicle. With the Model Y sharing roughly 75% of its DNA with the Model 3, there’s a high possibility that a similar roof rack for the Model Y will be sold by Tesla.

With a roof rack, the Model Y can be a perfect road trip vehicle for a group of five or even seven bringing bikes, skis, other sports gear, or cargo boxes. The average maximum load rating or roof racks is around 150 lbs.

Check out RTK’s video of the Model Y with a roof rack:

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Tesla Model Y Towing

Last December, a Tesla Model Y with a clearly visible tow hitch was spotted hinting that the all-electric crossover would be perfect for towing small trailers or campers for families who love the outdoors.

Just last week, another Model Y was seen on the road, this time towing a dirt bike. An image originally captured by Rober Rorschach was shared on Twitter by @Testletter.

This is another great demonstration of how the upcoming electric crossover is ideal for people who lead an active lifestyle. It is not yet confirmed if the Model Y will come standard with a tow hitch or if it will come as an option but it is a clear indication that Tesla’s testing such feature and it knows how the crossover could be used by the electric vehicle community. Model 3 in Europe comes with an option for a tow hitch but this option is not available in North America.

Tesla Model Y Spacious Trunk Storage

It has been highlighted how Tesla seems to haven been underpromising and overdelivering when it comes to Model Y and this strategy can clearly upset the naysayers of the electric carmaker. The Model Y, according to Tesla will have higher gross margins than Model 3 and Elon Musk even predicts that it can outsell its other vehicles in the lineup. And with Model Y sightings slowly revealing the details of how the vehicle can be so useful for people. The 2nd-row seats that can be individually folded are a stroke of design genius in terms of practicality but it can be clearly seen now that Tesla paid attention to the details that matter most to consumers.

New Model Y images that surfaced over the weekend show that the Model Y also offers generous space in its trunk and there could also be additional space under the main trunk. The order page on the Tesla website indicates that the vehicle will have a max cargo volume of 66 cu.ft. making it comparable to the amount of cargo the more affordable Honda CR-V can carry and offers a bit more space than its touted rival Ford Mustang Mach-E that comes with 59.6 cubic feet of room.

Below are the images of the Model Y trunk first posted by Thomas Andre Davik on the Tesla Model Y Enthusiast Facebook Page and the extra storage below the main trunk photo by Josh Jones on the same fan page:

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The latest images also clearly show that the second-row seats offer generous headroom and that the spacious trunk can easily be reconfigured to give enough space for the third-row seats to allow the vehicle to carry seven adults. And that is another practicality factor that can help the Model Y stand tall against its rivals.

 

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 called ‘biggest meme stock we’ve ever seen’ by Yale associate dean

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Credit: Tesla

Tesla (NASDAQ: TSLA) is being called “the biggest meme stock we’ve ever seen” by Yale School of Management Senior Associate Dean Jeff Sonnenfeld, who made the comments in a recent interview with CNBC.

Sonnenfeld’s comments echo those of many of the company’s skeptics, who argue that its price-to-earnings ratio is far too high when compared to other companies also in the tech industry. Tesla is often compared to companies like Apple, Nvidia, and Microsoft when these types of discussions come up.

Fundamentally, yes, Tesla does trade at a P/E level that is significantly above that of any comparable company.

However, it is worth mentioning that Tesla is not traded like a typical company, either.

Here’s what Sonnenfeld said regarding Tesla:

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“This is the biggest meme stock we’ve ever seen. Even at its peak, Amazon was nowhere near this level. The PE on this, well above 200, is just crazy. When you’ve got stocks like Nvidia, the price-earnings ratio is around 25 or 30, and Apple is maybe 35 or 36, Microsoft around the same. I mean, this is way out of line to be at a 220 PE. It’s crazy, and they’ve, I think, put a little too much emphasis on the magic wand of Musk.”

Many analysts have admitted in the past that they believe Tesla is an untraditional stock in the sense that many analysts trade it based on narrative and not fundamentals. Ryan Brinkman of J.P. Morgan once said:

“Tesla shares continue to strike us as having become completely divorced from the fundamentals.”

Dan Nathan, another notorious skeptic of Tesla shares, recently turned bullish on the stock because of “technicals and sentiment.” He said just last week:

“I think from a trading perspective, it looks very interesting.”

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Nathan said Tesla shares show signs of strength moving forward, including holding its 200-day moving average and holding against current resistance levels.

Sonnenfeld’s synopsis of Tesla shares points out that there might be “a little too much emphasis on the magic wand of Musk.”

Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever

This could refer to different things: perhaps his recent $1 billion stock buy, which sent the stock skyrocketing, or the fact that many Tesla investors are fans and owners who do not buy and sell on numbers, but rather on news that Musk might report himself.

Tesla is trading around $423.76 at the time of publication, as of 3:25 p.m. on the East Coast.

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Tesla makes big change to Full Self-Driving doghouse that drivers will like

Now, it is changing the timeframe of which strikes will be removed, cutting it in half. The strikes will be removed every 3.5 days, as long as no strikes are received during the time period.

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Tesla's Cabin-facing camera is used to monitor driver attentiveness. (Credit: Andy Slye/YouTube)

Tesla is making a big change to its Full Self-Driving doghouse that drivers will like.

The doghouse is a hypothetical term used to describe the penalty period that Tesla applies to drivers who receive too many infractions related to distracted driving.

Previously, Tesla implemented a seven-day ban on the use of Full Self-Driving for those who received five strikes in a vehicle equipped with a cabin camera and three strikes for those without a cabin camera.

It also forgave one strike per week of Full Self-Driving use, provided the driver did not receive any additional strikes during the seven-day period.

Now, it is changing the timeframe of which strikes will be removed, cutting it in half. The strikes will be removed every 3.5 days, as long as no strikes are received during the time period.

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The change was found by Not a Tesla App, which noticed the adjustment in the Owner’s Manual for the 2025.32 Software Update.

The system undoubtedly helps improve safety as it helps keep drivers honest. However, there are definitely workarounds, which people are using and promoting for monetary gain, and you can find them on basically any online marketplace, including TikTok shop and Amazon:

People are marketing the product as an FSD cheat device, which the cabin-facing camera will not be able to detect, allowing you to watch something on a phone or look through the windshield at the road.

The safeguards implemented by Tesla are designed to protect drivers from distractions and also protect the company itself from liability. People are still using Full Self-Driving as if it were a fully autonomous product, and it is not.

Tesla even says that the driver must pay attention and be ready to take over in any scenario:

“Yes. Autopilot is a driver assistance system that is intended to be used only with a fully attentive driver. It does not turn a Tesla into a fully autonomous vehicle.

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Before enabling Autopilot, you must agree to “keep your hands on the steering wheel at all times” and to always “maintain control and responsibility for your vehicle.” Once engaged, Autopilot will also deliver an escalating series of visual and audio warnings, reminding you to place your hands on the wheel if insufficient torque is applied or your vehicle otherwise detects you may not be attentive enough to the road ahead. If you repeatedly ignore these warnings, you will be locked out from using Autopilot during that trip.

You can override any of Autopilot’s features at any time by steering or applying the accelerator at any time.”

It is good that Tesla is rewarding those who learn from their mistakes with this shorter timeframe to lose the strikes. It won’t be needed forever, though, as eventually, the company will solve autonomy. The question is: when?

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Elon Musk teases the capabilities of the Tesla Roadster once again

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Elon Musk has once again teased the capabilities of the Tesla Roadster, fueling the anticipation that many have for the vehicle, despite it still having no public production or delivery date.

The Roadster is among the most anticipated vehicles in the automotive sector currently, and as Tesla has teased its capabilities, from a lightning-fast 1.1-second 0-60 MPH acceleration to potential hovering with cold-gas thrusters, people are eager to see it.

Although the design seemed to be finalized, there was still more work to be done. Earlier this year, as Tesla was showcasing some of the Roadster’s capabilities to Musk, he stated that it was capable of even more.

This pushed back its production date even further, much to the chagrin of those who have been waiting years for it.

Musk continues to tease us all, and as we sit here waiting hopelessly for it to be revealed, he said today that it is “something special beyond a car.”

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Musk’s words were in response to a video posted by Tesla China, showing the Roadster in a new promotional video created by a fan.

The Roadster was planned to be released in 2020, but here we are in 2025, and there is still no sign of the vehicle entering production. However, Tesla did say earlier this year that it would host a demo event for the Roadster, where the company would showcase its capabilities.

Lars Moravy said earlier this year:

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“Roadster is definitely in development. We did talk about it last Sunday night. We are gearing up for a super cool demo. It’s going to be mind-blowing; We showed Elon some cool demos last week of the tech we’ve been working on, and he got a little excited.”

Tesla exec gives big update on Roadster, confirming recent rumor

The delays have been attributed to “radically increased design goals” for the vehicle, which have, without a doubt, improved its capabilities, but at the same time, we just want to know if it’s ever going to come.

Tesla can always make it “better,” but at what point do you say, “Okay, it’s time to show this thing off.” They could always build another, even more capable supercar in the next ten years.

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