News
Tesla relaunches 60 kWh Model S, now with D option (60D)
Tesla is constantly improving their batteries and range—as they like to remind us—and Thursday morning brought another example of that. The Model S Design Studio was updated overnight to include several new variations in packs and configurations. The net result is a cheaper entry point for the base model and some attractive possibilities for those who don’t want or need the all-wheel-drive versions.
The 60 kWh battery pack has returned and is now being offered with a D version. The rear wheel drive only 60 is several thousand dollars cheaper than the “original” 60 that everyone thought was rendered obsolete by the introduction of the 70 last year. As before, adding AWD is a $5000 option to the 60. The 75 kWh battery pack is now offered as a “range upgrade” to the 60. It is available both in a rear wheel drive only configuration and as a the AWD D. Adding the extra 15 kWh will cost $8500 and extend the range of the car by 19%. The ability to enable the additional battery capacity after delivery (for $9000) indicates that Tesla will be shipping all cars with 75 kwh packs, with the 60s being software limited.
In addition to being cheaper than the original 60 kWh version of the Model S, the new one is faster too. When It was first offered, Tesla quoted a 0-60 mph sprint that took 5.9 seconds. The new version is listed as making the run in just 5.5. It is also listed with 210 miles range, compared to 208 for the original. The 60D gains another quick trip to the grocery store and back for a total range of 218. A 75 kWh car is rated at 249 miles range, a 75D at 259.
Pricing now starts at $67,200 for the base rear wheel drive 60 and $75,700 for a rear wheel drive 75. Adding in the AWD option raises the entry bar to $72,200 and $80,700, respectively. The next step in Tesla’s Model S line-up is the 90D, which is available only with AWD, for $90,700.
Still lurking off stage is the rumored 100 kWh battery pack. While that remains a largely unknown option (new model or just a range upgrade from a 90?), what is clear by the new pricing of the 60 is that Tesla is beginning to narrow the gap between the Model S and the upcoming Model 3. By effectively dropping the price on the earlier version of the car, Tesla is likely kissing the top configuration price of a performance version Model 3 with AWD. Closing gaps between the S and 3 could lead to more sales now and easier conversions of 3 reservations into the more profitable Model S later. Worth noting: the $10,000 price premium of the 90D over the 75D is also consistent with the gap between the earlier 60 and the 85 kWh.

Elon Musk
Tesla rolls out Steer-by-Wire improvements to Cybertruck

Tesla is rolling out some improvements to the Steer-by-Wire system on Cybertruck, which is one of the features exclusive to the vehicle as it is not active on any other vehicle in the company’s all-electric lineup.
Steer-by-wire is a steering system that turns the direction of wheels mechanically. It differs from vehicles with typical electric power steering systems in the way that those rely on the steering wheel column to transfer steering torque to the wheels.
There are a handful of EVs that use steer-by-wire, including the Cybertruck, Hummer EV, and Silverado EV. The latter two use a traditional steering column and only have steer-by-wire on their rear wheels, so they differ from the system the Cybertruck uses.

Credit: Tesla
The system has made the massive Cybertruck have better steering, and although its size is large, it is one of the easier Tesla vehicles to steer through tight spaces — granted you have the room.
Tesla is making an improvement to the system, according to a new update that will roll out in the 2025.8.4 Software Update as the steering wheel is now going to give more realistic feedback by adapting to road surfaces, the company said (via Not a Tesla App):
“The steering wheel now gives you more realistic feedback, adapting to different road surfaces for a better driving experience.”
This feature will work alongside another improvement as the Cybertruck’s air suspension ride height is now adjustable through the Tesla App.
Tesla Cybertruck steer-by-wire system helps avoid potential collision
The changes from the update, in terms of the more realistic feedback, will improve the overall feel of the road for drivers, making for a better driving experience.
News
Rivian startup spinoff raises $105M in funding for micro EV production
Meet Also, Rivian’s micro EV spinoff, now a full-fledged startup with $105M in funding. It’s adapting Rivian’s tech for compact EVs.

Rivian’s skunkworks program has turned into a full-blown startup called Also. The new startup, which is separate from Rivian, raised $105 million from Eclipse Ventures. Also will focus on micromobility or the development of micro electric vehicles.
Also started within Rivian, aiming to figure out if the electric vehicle company’s technology could be condensed to fit smaller EVs, including vans, trucks, and SUVs. Eventually, the skunkworks program discovered it could, indeed, fit Rivian’s technology in smaller, more compact electric vehicles, but the project was bigger than Rivian.
“We’ve been taking the Rivian technology stack and adapting it to much smaller form factors and then coming up with some incredibly exciting embodiments of that technology in these very small form factors,” Rivian CEO RJ Scaringe told Reuters.
Rivian will always be part of Also. It holds a minority stake in Also and Rivian’s VP of future programs, Chris Yu, will be the startup’s president.
According to Scaringe, Also plans to debut its first vehicle designs later this year. One of the designs seems to be a bike, as Scringe described it having a seat, two wheels, and a screen with a few computers and a battery.
Also aims to start producing its flagship product by 2026 for customers in the United States and Europe. In addition, it plans to launch consumer and commercial vehicles made for Asia and South America.
Investor's Corner
Financial Times retracts report on Tesla’s alleged shady accounting
“Turns out FT can’t do finance,” Tesla CEO Elon Musk quipped on X.

The Financial Times has issued a retraction for an article it recently published that accused the electric vehicle maker of shady accounting practices.
The FT’s retraction has been appreciated by the electric vehicle community in social media, though many highlighted the fact that the publication’s initial erroneous allegations have already been spread across numerous other media outlets.
The Allegations
In an article published on March 19, the Financial Times pointed out that if one were to compare “Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on,” “$1.4 billion appears to have gone astray.”
The FT article highlighted that Tesla reported spending $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024. However, in that period, the company’s property, plant, and equipment only rose by $4.9 billion. As noted by members of the r/Accounting subreddit, this appeared to be the basis of the FT‘s article, which seemed careless at best.
Unfortunately, the publication’s allegations were quickly echoed by other news outlets, many of which proceeded to accuse Tesla of implementing shady accounting practices.
The Retraction
In its retraction, the Financial Times explained that Tesla’s payments for assets already purchased and the possible disposal of depreciated property could help explain the alleged discrepancy in the company’s numbers. With these in consideration, the publication noted that the “crack we’re left with at Tesla is now small enough — just under half a billion dollars — to be filled with some combination of foreign exchange movements, non-material asset write-offs, or the sale of machinery or equipment close to its not-fully depreciated value.”
“As we sound the Alphaville bugle while lowering this particular red flag, one unavoidable conclusion is that at a certain point it’s necessary to trust the auditor’s judgment,” the publication noted.
Tesla CEO Elon Musk has responded to the Financial Times‘ retraction, commenting, “Turns out FT can’t do finance” in a post on social media platform X.
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