Tesla has started promoting a 1.99% APR financing offer for the Model 3 and Model Y in the United States. The incentive seems designed to encourage potential buyers to take delivery of a new Tesla by the end of the third quarter of 2024.
Tesla announced the promotion on its official Tesla North America account on social media platform X. As could be seen in the Model 3’s order page, the 1.99% APR financing offer is available for the Model 3 Long Range Rear Wheel Drive (RWD), Model 3 Long Range All Wheel Drive (AWD), and the Model 3 Performance. The offer is not available on the base Model 3 RWD, which is financed with a 5.99% APR.
1.99% APR financing now available for Model 3 Long Range & Performance trims in the US
Applies to new orders placed before 8/31, must take delivery by 9/30https://t.co/eqpjGuewQ2— Tesla North America (@tesla_na) August 2, 2024
For the Model Y, the 1.99% APR financing offer is available across the all-electric crossover’s full lineup — the Model Y Long Range RWD, Model Y Long Range AWD, and the Model Y Performance.
For both the qualified Model 3 variants and the Model Y, the 1.99% APR offer is applicable for financing plans of up to 72 months. A look at the order pages for the Model 3 and Model Y shows that customers would get an 3.99% APR if they opt for Tesla’s longest financing option of 84 months.


It should be noted that the 1.99% APR offer for the Model Y is valid for orders that are placed that are placed from July 18 to August 31, 2024. For Model 3 customers, the 1.99% APR financing offer is valid for orders placed from August 1-31, 2024. Customers must also take delivery of their Model 3 or Model Y by September 30, 2024 to qualify for the promotion.
Tesla watchers have observed that the electric vehicle maker seems to be running several promotions to encourage sales this quarter. These include free Supercharging for Model S, 3, X, and Y orders, free FSD transfer, free paint options for the Model 3 Performance, and free seating layout for the Model X AWD, among others.
Updated list of all the promotions @Tesla is currently running in the US:
• 3 free months of Supercharging (take delivery of an S/3/X/Y by August 15th, finance purchases are not eligible for Supercharging Incentive)
• Free FSD transfer (take delivery by Sept 30th)
• 1.99%… pic.twitter.com/Qgv7EFJq8A— Sawyer Merritt (@SawyerMerritt) August 2, 2024
Elon Musk has previously noted that Tesla could beat its 2023 sales record this year. Tesla delivered 1,808,561 vehicles worldwide last year, and as of the end of the second quarter, the company had delivered 830,776 vehicles globally. For Tesla to exceed FY 2023’s global sales, the company would have to deliver about 978,000 vehicles between Q3 and Q4 2024.
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Elon Musk
SpaceX targets 150Mbps per user for upgraded Starlink Direct-to-Cell
If achieved, the 150Mbps goal would represent a significant jump from the current performance of Starlink Direct-to-Cell.
SpaceX is targeting peak download speeds of 150Mbps per user for its next-generation Direct-to-Cell Starlink service. The update was shared by SpaceX Spectrum & Regulatory Affairs Lead Udrivolf Pica during the International Telecommunication Union’s Space Connect conference.
“We are aiming at peak speeds of 150Mbps per user,” Pica said during the conference. “So something incredible if you think about the link budgets from space to the mobile phone.”
If achieved, the 150Mbps goal would represent a significant jump from the current performance of Starlink Direct-to-Cell.
Today, SpaceX’s cellular Starlink service, offered in partnership with T-Mobile under the T-Satellite brand, provides speeds of roughly 4Mbps per user. The service is designed primarily for texts, low-resolution video calls, and select apps in locations that traditionally have no cellular service.
By comparison, Ookla data shows median 5G download speeds of approximately 309Mbps for T-Mobile and 172Mbps for AT&T in the United States, as noted in a PCMag report. While 150Mbps would still trail the fastest terrestrial 5G networks, it would place satellite-to-phone broadband much closer to conventional carrier performance, even in remote areas.
Pica indicated that the upgraded system would support “video, voice, and data services, clearly,” moving beyond emergency connectivity and basic messaging use cases.
To reach that target, SpaceX plans to upgrade its existing Starlink Direct-to-Cell satellites and add significant new capacity. The company recently acquired access to radio spectrum from EchoStar, which Pica described as key to expanding throughput.
“More spectrum means a bigger pipeline, and this means that we can expand what we can do with partners. We can expand the quality of service. And again, we can do cellular broadband basically, cellular broadband use cases, like AI or daily connectivity needs,” he stated.
SpaceX has also requested regulatory approval to deploy 15,000 additional Direct-to-Cell satellites, beyond the roughly 650 currently supporting the system. The upgraded architecture is expected to begin rolling out in late 2027.
News
Tesla seeks approval to test FSD Supervised in new Swedish city
Tesla has applied to conduct local Full Self-Driving (Supervised) testing in the city of Jönköping, Sweden.
Tesla has applied to conduct local Full Self-Driving (Supervised) testing in the city of Jönköping, Sweden.
As per local outlet Jönköpings-Posten, Tesla has contacted the municipality with a request to begin FSD (Supervised) tests in the city. The company has already received approval to test its Full Self-Driving (Supervised) software in several Swedish municipalities, as well as on the national road network.
Sofia Bennerstål, Tesla’s Head of Public Policy for Northern Europe, confirmed that an application has been submitted for FSD’s potential tests in Jönköping.
“I can confirm that we have submitted an application, but I cannot say much more about it,” Bennerstål told the news outlet. She also stated that Tesla is “satisfied with the tests” in the region so far.
The planned tests in Jönköping would involve a limited number of Tesla-owned vehicles. Trained Tesla safety drivers would remain behind the wheel and be prepared to intervene if necessary.
Tesla previously began testing in Nacka municipality after receiving local approval. At the time, the company stated that cooperation between authorities, municipalities, and industry enables technological progress and helps integrate future transport systems into real-world traffic conditions, as noted in an Allt Om Elbil report.
If approved, Jönköping would become the latest Swedish municipality to allow local Full Self-Driving (Supervised) testing.
Tesla’s Swedish testing program is part of the company’s efforts to validate its supervised autonomous driving software in everyday traffic environments. Municipal approvals allow Tesla to gather data in urban settings that include roundabouts, complex intersections, and mixed traffic conditions.
Sweden has become an increasingly active testing ground for Tesla’s driver-assistance software in Europe, with regulatory coordination between local authorities and national agencies enabling structured pilot programs.
Elon Musk
Microsoft partners with Starlink to expand rural internet access worldwide
The update was shared ahead of Mobile World Congress.
Microsoft has announced a new collaboration with Starlink as part of its expanding digital access strategy, following the company’s claim that it has extended internet connectivity coverage to more than 299 million people worldwide.
The update was shared ahead of Mobile World Congress, where Microsoft detailed how it surpassed its original goal of bringing internet access to 250 million people by the end of 2025.
In a blog post, Microsoft confirmed that it is now working with Starlink to expand connectivity in rural and hard-to-reach regions.
“Through our collaboration with Starlink, Microsoft is combining low-Earth orbit satellite connectivity with community-based deployment models and local ecosystem partnerships,” the company wrote.
The partnership is designed to complement Microsoft’s existing work with local internet providers and infrastructure companies across Africa, Latin America, and India, among other areas. Microsoft noted that traditional infrastructure alone cannot meet demand in some regions, making low-Earth orbit satellite connectivity an important addition.
Kenya was cited as an early example. Working with Starlink and local provider Mawingu Networks, Microsoft is supporting connectivity for 450 community hubs in rural and underserved areas. These hubs include farmer cooperatives, aggregation centers, and digital access facilities intended to support agricultural productivity and AI-enabled services.
Microsoft stated that 2.2 billion people globally remain offline, and that connectivity gaps risk widening as AI adoption accelerates.
Starlink’s expanding constellation, now numbering more than 9,700 satellites in orbit, provides near-global coverage, making it one of the few systems capable of delivering broadband to remote regions without relying on terrestrial infrastructure.
Starlink is expected to grow even more in the coming years as well, especially as SpaceX transitions its fleet to Starship, which is capable of carrying significantly larger payloads compared to its current workhorse, the Falcon 9.