Tesla will launch the arrival of the Model Y all-electric crossover in the United Kingdom with a special delivery event at the Horizon Cruise Terminal in Southampton on Saturday, February 19. The event will commemorate the delivery of the Model Y for UK residents, as they will be the first in the region to receive the Tesla crossover.
Sources familiar with the matter told Teslarati today that Tesla is planning to launch a “unique delivery event” for Model Y owners to accept delivery of Right-Hand-Drive vehicles that were manufactured at Gigafactory Shanghai. Tesla has been exporting Model Y and Model 3 units from Shanghai to Europe for some time; the Model Y first arrived in Europe in August, while Made-in-China Model 3s have been shipping to Europe since January 2021.
Tesla is communicating to those who hold reservations for the Model Y that it will begin deliveries at the event, advising those who will attend the event to choose a time slot to accept their cars. Tesla relayed this message with Model Y reservation holders earlier this week. The message below was sent to one of the Model Y reservation holders.
“Tesla Update – Your Model Y is ready to be scheduled at our unique delivery event on Saturday, February 19 at Horizon Cruise Terminal, Southampton! Please select your preferred time slot at: https://tesla.com/enGB/schedule/[order number].”
Tesla did not immediately respond to our email asking for confirmation of the event.
Credit: Tesla
While Model Y vehicles have landed in various countries in Europe, the UK has not yet had an official delivery of the all-electric crossover. Tesla built the anticipation for the event by also communicating to those who were invited to the Horizon Cruise Terminal that, “Your wait is nearly over! The very first Model Y deliveries in the UK will take place from a unique location in February. Look out for your invite via SMS in the next 24 hours.”
According to EU-EVs, a website that tracks vehicle registrations in Europe and the UK, there have not been any deliveries of the Model Y. However, the most recent data, which dates back to Q3 2021, does list Tesla as the best-selling brand in the UK, holding 14.4% of the total market share in the region. Sales were led by the Model 3, which spearheaded “the most successful year of EV uptake” in the region, according to the Society of Motor Manufacturers and Traders. The site does state that there have been 28 deliveries of the Model Y in the twelve countries it tracks, but not in the UK.
The Model Y is available in two trims in the UK: the Dual Motor All-Wheel Drive for £54,990 and the Dual Motor Performance for £64,990. Deliveries are slotted for March 2022, but it appears the first batch will arrive in mid-February.
Update 3:44 PM EST: According to Tesla Owners Club UK, Tesla will also hold events on the 15th (Aerospace Centre Bristol, England), 16th (Duxford Imperial War Museum and Rhosneigr, Anglesey, Wales), and 17th (Cairndow, Loch Fyne, Scotland) as well.
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News
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
News
Production-ready Tesla Cybercab hits showroom floor in San Jose
Tesla has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements.
Tesla has showcased what appears to be a near-production-ready Cybercab at its Santana Row showroom in San Jose, California, giving visitors the closest look yet at the autonomous two-seater’s refined design.
Based on photos of the near-production-ready vehicle, the electric vehicle maker has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements, making the vehicle look more polished and seemingly more comfortable than its prototypes from last year.
Exterior and interior refinements
The updated Cybercab, whose photos were initially shared by Tesla advocate Nic Cruz Patane, now features a new frameless window design, an extended bottom splitter on the front bumper, and a slightly updated rear hatch. It also includes a production-spec front lightbar with integrated headlights, new wheel covers, and a license plate bracket.
Notably, the vehicle now has two windshield wipers instead of the prototype’s single unit, along with powered door struts, seemingly for smoother opening of its butterfly doors. Inside, the Cybercab now sports what appears to be a redesigned dash and door panels, updated carpet material, and slightly refined seat cushions with new center cupholders. Its legroom seems to have gotten slightly larger as well.
Cybercab sightings
Sightings of the updated Cybercab have been abundant in recent months. At the end of October, the Tesla AI team teased some of the autonomous two-seater’s updates after it showed a photo of the vehicle being driven through an In-N-Out drive-through by employees in Halloween costumes. The photos of the Cybercab were fun, but they were significant, with longtime Tesla watchers noting that the company has a tradition of driving its prototypes through the fast food chain’s drive-throughs.
Even at the time, Tesla enthusiasts noticed that the Cybercab had received some design changes, such as segmented DRLs and headlamps, actual turn signals, and a splitter that’s a lot sharper. Larger door openings, which now seem to have been teasing the vehicle’s updated cabin, were also observed at the time.
Investor's Corner
Tesla analyst realizes one big thing about the stock: deliveries are losing importance
Tesla analyst Dan Levy of Barclays realized one big thing about the stock moving into 2026: vehicle deliveries are losing importance.
As a new era of Tesla seems to be on the horizon, the concern about vehicle deliveries and annual growth seems to be fading, at least according to many investors.
Even CEO Elon Musk has implied at times that the automotive side, as a whole, will only make up a small percentage of Tesla’s total valuation, as Optimus and AI begin to shine with importance.
He said in April:
“The future of the company is fundamentally based on large-scale autonomous cars and large-scale and large volume, vast numbers of autonomous humanoid robots.”
Almost all of Tesla’s value long-term will be from AI & robots, both vehicle & humanoid
— Elon Musk (@elonmusk) September 11, 2023
Levy wrote in a note to investors that Tesla’s Q4 delivery figures “likely won’t matter for the stock.” Barclays said in the note that it expects deliveries to be “soft” for the quarter.
In years past, Tesla analysts, investors, and fans were focused on automotive growth.
Cars were truly the biggest thing the stock had to offer: Tesla was a growing automotive company with a lot of prowess in AI and software, but deliveries held the most impact, along with vehicle pricing. These types of things had huge impacts on the stock years ago.
In fact, several large swings occurred because of Tesla either beating or missing delivery estimates:
- January 3, 2022: +13.53%, record deliveries at the time
- January 3, 2023: -12.24%, missed deliveries
- July 2, 2024: +10.20%, beat delivery expectations
- October 3, 2022: -8.61%, sharp miss due to Shanghai factory shutdown
- July 2, 2020: +7.95%, topped low COVID-era expectations with sizeable beat on deliveries
It has become more apparent over the past few quarters that delivery estimates have significantly less focus from investors, who are instead looking for progress in AI, Optimus, Cybercab, and other projects.
These things are the future of the company, and although Tesla will always sell cars, the stock is more impacted by the software the vehicle is running, and not necessarily the vehicle itself.
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
Production-ready Tesla Cybercab hits showroom floor in San Jose
