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Tesla’s Standard Model 3 is coming to Europe in 6 months, China in 6-8 months
Elon Musk has provided a quick update about the Model 3’s international ramp on Thursday, posting his estimates for the availability of the Standard and Standard Plus versions of the electric sedan in Europe and China. Musk also posted a reminder about the affordable Model 3’s price, which will be adjusted depending on country-specific taxes.
Sharing his thoughts on Twitter, Musk stated that he expects the base Model 3 to be available in Europe in around 6 months. The Tesla CEO also stated that the affordable Model 3 should be available for the Chinese market in 6-8 months, provided that Gigafactory 3’s electric car production begins on time.
Base Model 3 available in Europe in ~6 months, Asia 6 to 8 months. Latter contingent on Shanghai Gigafactory. Country-specific taxes & import duties mean price may be 25% or more above US number.
— Elon Musk (@elonmusk) March 1, 2019
Elon Musk’s estimated timeframe for the European and Chinese launch of the Model 3’s affordable versions bodes well for Tesla’s capability to produce and support an ever-growing ramp for the electric sedan. Considering that Tesla was able to introduce the $35,000 Model 3 earlier than expected, it appears that the company is now at a point where it can comfortably meet the production demands of the vehicle despite offering versions that cater to a much larger demographic.
It should be noted that the Model 3 is designed to be a mass-market electric car that can be competitive in price against ubiquitous passenger cars like the Toyota Camry and the Honda Accord. Since starting Model 3 production in 2017, skeptics have pointed at the vehicle’s price as a point of criticism against Tesla, especially considering that the first versions offered by the company were closer to $50,000 than Elon Musk’s target $35,000 price (the Long Range RWD Model 3, for one, was initially offered at $49,000 before incentives or add-ons). Eventually, the $35,000 Model 3 even became a favored point among Tesla bears on social media, when highlighting the company’s “broken promises” about the electric sedan. The recent launch of the Standard and Standard Plus Model 3 ultimately topples this bear thesis.
Model 3s now available
Standard Range: 220mi, $35k
Standard Range Plus: 240mi, $37k
Mid Range: 264mi, $40k
Long Range: 325mi, $43k
Long Range AWD: 310mi, $47k
Performance AWD: 310mi, $58k, 0-60 mph in 3.2s!
https://t.co/RNnGdonjSr-
-(prices before incentives)
— Tesla (@Tesla) March 1, 2019
Tesla appears to be preparing itself for a massive influx of orders for the Model 3’s Standard and Standard Plus versions. Before launching the two new Model 3 variants, Tesla registered large groups of RWD Model 3 VINs. So far this quarter, Tesla had filed over 49,000 RWD Model 3 registrations, a significant number of which is likely intended for the US market (Europe only gets AWD vehicles for now, while the Long Range RWD version is available in China).
Tesla took the electric car community by surprise when it launched the $35,000 Standard Model 3 on Thursday. The company has been quite conservative about its updates on the affordable Model 3’s release date, with Musk not even giving an estimated timeframe for the vehicle in the fourth quarter earnings call. With deliveries of the Standard and Standard Plus Model 3 expected to begin within the next few weeks, Tesla’s end-of-quarter push this Q1 2019 will likely be the company’s most compelling yet.
Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.
SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.
The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.
SpaceX Starship just nailed something it’s never done before
Nevertheless, more details are coming out about Starship, and Musk is doing the talking.
Starship Will Be Retrieved in the Ocean
Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.
We’re sending a ship out to recover Starship https://t.co/fUqUZTITO9
— Elon Musk (@elonmusk) July 28, 2026
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This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.
Ship Could Have Been Caught by Tower Arms, Musk claims
Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.
The ship landing was precise, meaning that it would have been caught by the tower arms https://t.co/6nbNrRfX9P
— Elon Musk (@elonmusk) July 29, 2026
A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.
It is a necessity to make life multiplanetary.
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Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Elon Musk updates the SpaceX timeline for Mars
